The Motley Fool Discussion Boards Previous Page Financial Planning / Tax Strategies URL:  https://boards.fool.com/wash-sale-scenario-14196567.aspx Subject:  Wash Sale Scenario Date:  1/25/2001  2:48 PM Author:  jimmonroe56 Number:  44831 of 129792 Hello all,This is a bit long, so thanks to all who can offer an opinion. I believe I understand how this should be calculated but some confirmation would be nice.11/1/2000, I purchase 200 shares of XYZ @ 20 per share.11/15/2000, I sell 200 shares of XYZ @ 15 per share.12/1/2000, I purchase 150 shares of XYZ @ 16 per share. As of 1/31/2001, I still hold the 150 shares.My broker commission is \$20 per transaction.So if not for my repurchase on 12/1 I would have the following:The cost basis of my 200 shares purchases on 11/1 is \$4020, 200 times 20 plus the \$20 commission.The processeds from 11/15 would be \$2980, 200 times 15 minus the \$20 commision.My net loss would be \$1040.Now let's introduce wash sale rule. Since I repurchased some of the stock on 12/1 I have to account for the wash sale.Since on 12/1 I repurchased 75% of the shares that I sold on 11/15, I can only take 25% of the capital loss. So the amount of my capital loss would be %25 of 1040, or \$260.On my schedule D for the year 2000, I would only reference the following:50 shares of XYZ purchased with a cost basis of \$1005 (%25 of 4020), 50 shares of XYZ sold with proceeds of \$745 (25% of 2980), giving a net loss of \$260.The part of the loss that I did not take due to the wash sale was \$780. So if I sell my remaining shares of XYZ in 2001, my cost basis of those shares would be \$2420 (150 times 16 plus the \$20 commision) plus the \$780 that I could not take from the year 2000, for a cost basis of \$3200 for these 150 shares.I think I have this right, but would appreciate any comments. Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us