Could someone please give me their advice? My husband and I are playing with a bulletin board stock of a company we believe will eventually go somewhere (don't ask why we believe). We have only purchased stock and this is the first sale we have done. Obviously, I have nailed myself with a wash sale situation. I am wondering if anyone has any suggestions. We wanted to take the loss, but I don't think we can. However, can we take the small gain from the buy/sell in jan/01 only, pay the taxes on it and hold on to the earlier buys for a possible loss later? Also, does it matter which "lot" I specified to the brokerage to sell since it is not reported anywhere?Here's my buy/sell history in company xyz:2/17/00 buy 1000 @ 1.45 with costs total 1469.952/24/00 buy 3350 @ 1.07 with costs total 3604.453/9/00 buy 1100 @ .99 with costs total 1108.956/6/00 buy 4550 @ .345 with costs total 1589.701/3/01 buy 19000 @ .059 with costs total 1140.951/16/01 sell 15000 @ .102 minus costs total 1510.05thanks for you help
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by