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Understanding the Wash Sale Rules
Think twice before buying more shares of a stock you just sold at a loss. If 30 days haven't passed, your tax loss will be disallowed. Here's the skinny on wash sales.
 
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Posted 8:49 PM EST February 18, 2009
Posted by: satvirr
Great Examples. Can you add one that talks about long term vs short term loses. eg. if I buy 100 shares of X at $10/share on jan 1, 2006, 100 on Jan 1 2007 at $5/share and 100 on Jan 1 2008 at $ 2/share but come jan 15th 2008 I sell at $1/share a) 50 stocks b) 150 stocks. What would be the wash sale loss? How would you distribute the wash sale loss?
Posted 5:40 PM EST December 31, 2008
Posted by: Aslagle
Yes this is still a wash sale. The 30 days rule applies before and after the sale for a loss date.
Posted 5:11 PM EST December 12, 2008
Posted by: Kgarvey
Good article. Can anyone comment on this scenario. Buy a 100 shares of stock on Dec 1. Buy another 100 of same stock on Dec 8. On Dec 10, sell 100 shares for a loss. Is this a wash sale, since the second purchase of the stock occurred before the sale?
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