Robbie: I think he's right, actually, but I'm not surprised you passed an audit even if that's the case...it's not something that would easily stick out to be questioned, I don't believe. You show the loss on your Schedule D, but especially if you held onto the stock you "re-purchased" for awhile, there is likely no entry for that on your Schedule D, and the IRS only receives information when you SELL a stock, so they have no way of knowing whether or not you violated the "wash rule".
Bottom line, IMO, what you did was in violation of the "wash rule" but would probably not be detected 99.99% of the time.
Jimbo. |
