Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
vkg Debra said: If you were reinvesting dividends, then it is likely that you bought shares within the 30 day window. The timing has to be perfect for reinvestment purchases to be within the 30 day window before and after.

The timeing would have to be perfect for monthly distributions to NOT be within the 60 day window. Your first sentence is right. I was correcting your second sentence, which I'm sure you didn't mean the way it is stated, and was probably a typo.

Correct me if I'm wrong, but Delta still seems to think (or originally thought) that the remaining shares from a single lot, after some shares from that lot were sold at a loss, would be the replacement shares to make the partial sale a wash sale. Hence, the deduction by him/her (that I was trying to correct) that it makes a difference whether the entire lot were sold, or not. If the original purchase was in 2 lots, even if at the same time (but not simply a split arbitrarily by the broker) and only one lot was sold, the other lot would be replacment shares for that sale if it was at a loss. This concept has been discussed many times on this board and others.

I agree that monthly distributions could be replacement shares making the sale a wash sale, but OP didn't mention any such thing so OT remarks regarding that shouldn't be intermixed with comments regarding the remaining shares.

So, barring automatic reinvested distributions ( which can't be Qualified Dividends if from a Bond Fund ) and the outright purchase ( or option) independent from the original purchased lot within 30 days of the sale, the OP does not have a wash sale (from the information he supplied).

And most important I am sorry I confused my referrences to other posters by trying to answer both in the same post, particularly as to gender. I have trouble responding to more than one post on this board because only one post is visiable when replying. On most other boards the entire thread remains visable so you can copy quotes from several posts and respond to each independently in the same reply. That would have prevented my erroneous referrences, for which I am, again, truly sorry. It was inadvertant, like a typo. ed
Print the post  

Announcements

Disclaimer:
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.