The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Yet another Wash Sale question Date:  7/17/2013  1:52 PM
Author:  mekong22 Number:  118880 of 130422

I think I know the answer to this already, but want to double check with some folks that know their tax rules better than I do.

Let's say, I made the following trades:

1/1/2011 bought 200 shares of ABC at $7

5/10/2013 bought 50 shares of ABC at $4

5/20/2013 sold 100 shares of ABC at $5

I specifically identified the 100 share sale as including the 50 share purchase from 5/10 and 50 of the shares from 2011.

Would wash sale rules not apply because I sold all of the 5/10 shares on 5/20 for a gain so I recognize the cap gains in 2013 on those. Then the additional 50 shares purchased 5/20 with the 2011 cost basis don't have any other purchases in a 30 day window so I can take the loss on those in 2013?

Let me know if I am looking at this right.

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us