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Subject:  Re: FIFO & Wash Rule Date:  7/9/2009  12:35 PM
Author:  Wradical Number:  106464 of 131229

Bought 10 09/06/07 Sold 05/26/09
Bought 40 12/27/08 Sold 05/11/09
Bought 10 01/15/08 Sold 05/11/09

Bought 50 06/30/09

Want to Sell
Bought 10 06/10/08

Do I have to wait until August to sell FIFO?
Also have shares bought between 10/17/08 and 03/03/09 which I plan to keep.

Yes. Not exactly until August. If you sell prior to July 30 (31 days after the 50-share purchase on June 30), that purchase will create a wash to the extent of 50 shares sold.

I assume you're selling at a loss - prices not indicated - or else this discussion is moot.

Also, I think those 10 sh. bought on June 10 already creates a wash sale on 10 of the shares that were sold 5/11. (Again, assuming a loss occurred.) That purchase was exactly 30 days after the fact, which is one day too soon, as I understand the rule.

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