Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
if you buy and sell a stock for a profit,
then buy it again but sell for a loss (all within
the time limits)
Does this have any wash sale implications?
Print the post Back To Top
No. of Recommendations: 0
Regarding #16204, no it doesn't. You sell stock at a profit, you pay tax on the gain. You buy again and lose, you may be able to offset that loss against previous gains and against ordinary income, depending on the amounts.

Take a peek at the Tax FAQ's, and also at your Form 1040 Instructions, Page D-3.
Print the post Back To Top
No. of Recommendations: 0
if you buy and sell a stock for a profit,
then buy it again but sell for a loss (all within
the time limits)
Does this have any wash sale implications?

Yes. It is not a wash sale. To be a wash sale you must still have a position in a stock that you did, or will, sell other shares at a loss, within 30 days, at the end of the year. ( I think I covered that in a minimum of words. Did I forget something?) Ed
Print the post Back To Top
Advertisement