StockGenious writes:I got a question about wash sales. If I bought and sold a stock several times all within 30 days, and completely sold my position within that time, would that be considered a wash sale?I reply:Welcome to the boards! May I express my tongue-in-cheek hopes that you are a better stock picker than a speller of screen names? :-)Turning to your question, technically, the transactions would be wash sales, but for all practical purposes (including tax reporting), they might not be treated as such. If you stay out of the position for at least 30 days (and your transactions did not straddle a year-end), all wash sale issues are rendered moot because you will realize your losses on the final transaction. In this situation, my understanding is that everyone reports as though there were no wash sales, and under the "no harm, no foul" theory of financial reporting, the IRS doesn't care. --Bob
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