IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Kaye Thomas who wrote (512)	10/21/1998 5:11:00 PM
From: softcash	Read Replies (1) of 1383

Here are 2 more complicated wash sale examples, do you know how? Example 1 ========= Buy 3000 stock x at 10 May 1 Sell 1000 stock x at 8 May 15 Sell 2000 stock x at 11 May 31 What happens with the trade that was made on May 15th? Can these losses be applied to the gains made from the May 31st sale? Is this really a net gain/loss of $0 Example 2 ========= Buy 3000 stock y at 10 June 1 Sell 1000 stock y at 12 June 15 sell 2000 stock y at 9 June 30 Can the gains made from June 15 sale be applied to the transaction on June 30th? Is this really a net gain/loss of 0? Notice in both of these situations, one is left with the same about of cash, except for commissions. For this purpose, lets assume commissions are free - 0. Thanx in advance!!

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