The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Wash Sales losses||Date: 3/16/2012 10:45 PM|
|Author: CABob||Number: 115524 of 124464|
A wash sale occurs when a stock is sold for a capital loss and the purchase and sale occur within a 31 day period of time. In order to realize the loss you would have to buy the stock again, hold for at least 31 days, and then sell it.
I don't understand this need to purchase another lot of shares to realize the loss.
A wash sale situation is created by the presence of a second set of shares. Specifically,
a second set of shares purchased within a 30-day window of a loss-yielding transaction.
If the second set of shares create a wash situation, well, ... that means there's a third set of
Perhaps I engaged the keyboard before my mind was operating properly. Or perhaps I was confused by the OP.
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