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Author: craigflannagan Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121219  
Subject: Turbotax: Wash Sale Rules Date: 3/27/2008 11:40 PM
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For some reason I'm very confused by the wording of this question that shows up if I answer "yes" to "Did you buy or reinvest dividends in substantially identical stocks between 5/2/2007 and 7/1/2007"?

Yes I did, so I hit "Yes". Then this question shows up next:

"Did you sell some or all of these substantially identical stocks in this sale?"

This is where I get confused. Which "sale" is this referring to when it says "this" sale?

Here's the details:

1) I bought shares on 3/20/2007.
2) I bought more shares on 5/22/2007.
3) I sold all shares from 1) and 2) on 6/1/2007, both lots for at loss.

Since 2) occurs within 30 days of 3), I believe this qualifies as a "wash sale".

Yet when I answer "yes" to the question above (the one I'm confused on), TurboTax puts in both lots as loss in Schedule D.

I thought the sale of the first lot 1) was supposed to be considered a wash sale. So did I answered the question wrong?
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