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.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: marc chatman who wrote (27087)8/5/1998 11:35:00 AM
From: SliderOnTheBlack  Read Replies (2) of 95453
 
""Serious'' Question - on ''Wash Sale Rules" any CPA's or accts?

I've gotten conflicting input on this - help; from anyone who knows the facts ?

RE: wash sale rules. - for example;

If I buy 1ooo shares of XYZ Inc. at $36 on April 1.
Then I sell all 1ooo shares at a loss @ $28 on say July 1st.

But, now I think XYZ Inc. has bottomed at say $18 and I buy 500 shares at $18 within 30 days of my former sale - which ''violates'' the wash sale rule. Have I ''lost'' my entire ''loss writeoff'' on all 1000 shares; or since I only bought back 500; can I still claim a capital gains loss on the ''remaining'' 500 shares that I didn't ''replace''?

...tax considerations on buying back in ? If we see some major selloffs to ''no-brainer'' levels within 30 days after selling a stock, this creates some tax consideration questions...? Comments ?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News