Message Font: Serif | Sans-Serif
No. of Recommendations: 1
First off, here's my situation: I plan to sell all of my stocks and repurchase them within the same week. . .

. . . Would my selling and repurchasing within the same week constitute a wash sale? I would not be selling these shares again nor buying again within 31 days of my sale and repurchase.

From what I've gathered, this is a wash sale, but I'd just like to make sure.

You have gathered correctly, this is a wash sale. But only those stocks that you repurchase that were sold for a loss. Any stocks that you sell for a gain are not a wash sale (of course, you get to pay capital gains - long or short term as appropriate - instead).

You could repurchase those stocks that were gains right away and then you could wait +31 days to repurchase those stocks that you sell for a loss, if you want to avoid the wash sale rules.


Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.