Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
If i buy a stock, then 2 weeks later buy some more of the same, then 2 days later sell it all at a loss, is this a wash sale, since the stock was repurchased withwin 30 days of the sell date, but none was held. All the shares have been sold.
Print the post Back To Top
No. of Recommendations: 0
GreatWideOpen said:

If i buy a stock, then 2 weeks later buy some more of the same, then 2 days later sell it all at a loss,
is this a wash sale, since the stock was repurchased withwin 30 days of the sell date, but none was
held. All the shares have been sold.


Since all the shares have been sold, assuming you stay out of that particular stock for 31 days, the wash sale is moot and can be ignored.

Print the post Back To Top
No. of Recommendations: 0
[[ If i buy a stock, then 2 weeks later buy some more of the same, then 2 days
later sell it all at a loss, is this a wash sale, since the stock was repurchased
withwin 30 days of the sell date, but none was held. All the shares have been
sold.]]

As bliles points out, if you stay out of the stock for at least 31 days, you'll not have to worry about the wash sale rules.

You can read more about the wash sale rules in the Taxes FAQ area (archives section), or in The Motley Fool Investment Tax Guide. You might want to check it out.

TMF Taxes
Roy

Want to learn more about taxes and investing? Then we have a deal for you!! The Motley Fool Investment Tax Guide is now available through Fool Mart. Be the first one on your block to own this masterpiece. There is still time available to do that tax planning (and tax saving) before the end of the year. So just click on this link (http://www.foolmart.com/market/product.asp?pfid=MF+013+I) to read more about this amazing collection of tax information. (Apologies for the shameless plug…but it is a pretty good book…if I do say so myself). In addition, if you would like to visit the Taxes FAQ (Frequently Asked Questions) area, click on http://www.fool.com/school/taxes/taxes.htm and you'll be right at the home page. Pay special attention to the "archives" section. Check it out. Finally, if you need to get to the IRS web site, click on http://www.irs.ustreas.gov to go directly there.
Print the post Back To Top