Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I'm relatively new in investing but have been reading a couple of items or topics. Anyway, I have a question re WASH SALES.

The scenario is:

1) I have 100 UNITS STOCK AAA, BUY 04/01/2001 $50.00/Share
2) I bought 200 UNITS STOCK AAA, BUY 11/28/2001 $ 1.50/Share
3) I sold 63 UNITS STOCK AAA, SEL 12/31/2001 $ 2/Share

Item No.3) Gave me a LOSS of approximately $2992.5 which I intend to subtract from Item No.1). Did I violate the WASH SALE RULE since I bought 200 units last 11/28 and sold 12/31?

I think the sale is OK since this is more than 31 days but is the 31 day rule referring to "31 days when market is OPEN ONLY (WEEKENDS EXCLUDED)" or 31 days starting from Nov 29?

Also, is it 30 or 31 days?


Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.