Wash sell question


S

Shri

I bought stock of a company on 05/01 and 05/02 and sold the
WHOLE stock on 05/07 and 05/15 at loss. Is it still
considered as a wash sell since I bought some stock on 05/02
(30 days before the sell) and sold it on 05/07?
 
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P

Phil Marti

I bought stock of a company on 05/01 and 05/02 and sold the
WHOLE stock on 05/07 and 05/15 at loss. Is it still
considered as a wash sell since I bought some stock on 05/02
(30 days before the sell) and sold it on 05/07?
As long as you're completely out of the stock the wash sale
rule doesn't apply.

Phil Marti
Topeka, KS
 
S

Stuart O. Bronstein

I bought stock of a company on 05/01 and 05/02 and sold the
WHOLE stock on 05/07 and 05/15 at loss. Is it still
considered as a wash sell since I bought some stock on 05/02
(30 days before the sell) and sold it on 05/07?
It's a wash sale when you sell stock and then buy it back
again, so that you end up owning the stock but have what
would otherwise be a tax loss.

Sounds like you sold stock and did not buy it back. So
there's no wash sale.

Stu
 
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B

Barry Margolin

I bought stock of a company on 05/01 and 05/02 and sold the
WHOLE stock on 05/07 and 05/15 at loss. Is it still
considered as a wash sell since I bought some stock on 05/02
(30 days before the sell) and sold it on 05/07?
If you've disposed of your entire position in the company,
and don't repurchase within 30 days, then there's no wash
sale.
 

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