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Subject:  Question about wash sale/same year/position exit Date:  12/9/2008  12:28 AM
Author:  ShowMeDaDivs Number:  102841 of 129771

Hi All,

I was reading some of the great wash sale articles here on MF and had one specific questions to help clarify my understanding of it. I understand the 30 days before and 30 days after the loss sale date where inside that period your loss in just passed onto the basis total of your new purchase of the same stock.

My question is if I bought a stock and 10 days later sold it at a loss in the same year by exiting my position completely and then not buy that stock the rest of the year, this does not fall into the wash sale rule correct and I should be able to take the loss into consideration for my taxes as I did not enter into the position again?

Thank you
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