SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jon Wagner who wrote (2152)5/28/1996 7:56:00 PM
From:    of 58324
 
If I understand your example, you sold 100% of your position for a gain, then re-purchased and again sold 100% of the position for a gain. If this is the case then each gain is taxable as a short term capital gain (I believe you said each position was held less than 1 year).

The above example would be more complex if you sold 1/2 you position and then bought more and then sold 1/2 again. Then you have to consider what method you use for your basis (i.e. LIFO,FIFO,AVG). Also, if you sold a stock for a loss then repurchased in less than 30 days, you don't get to write-off the loss (wash-sale rules apply)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News