wash sales

[vjnirai]

I sold my company shares for a loss on 5/16/03. On 5/25/03 I
excersized some of my company options and sold it right
away. Would my 5/16/03 sale considered as a wash sale ?

thanks.

 

[Barry Margolin]

I sold my company shares for a loss on 5/16/03. On 5/25/03 I
excersized some of my company options and sold it right
away. Would my 5/16/03 sale considered as a wash sale ?

Yes. However, if you sold all your shares, so you had no
shares in the company after exercising and selling, then the
wash sale rule has no effect and you can ignore it.

 

[Phil Marti]

I sold my company shares for a loss on 5/16/03. On 5/25/03 I
excersized some of my company options and sold it right
away. Would my 5/16/03 sale considered as a wash sale ?

Yes, up to the number of shares "replaced" on 5/25.

Phil Marti
Topeka, KS