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Hey Roy,

Let's say I own several shares of XYZ company. I purchsed the stock on 5 occasions. I made seperate purchases of 100 shares at each buy at $100, $80, $60, $40, and $20.

Say the stock is selling today at $15. Could I purchase the stock today, and then sell my purchases I made at $100, $80, $60, and $40 tomorrow and claim a tax loss for doing so? Is this a legal way to get around the 30 day wash rule? What does the IRS say about buying 400 new shares of stock today, and selling 400 old shares tomorrow for the tax loss?


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