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 -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (27090)8/5/1998 1:20:00 PM
From: VincentTH  Respond to of 95453
 
Slider,

Re: Buying 500 shares after selling 1000 shares within the Wash sale rule window.

Pub 555 says that only 500 shares are subjected to the W.S. rule, and you can claim the loss of the other remaining 500 shares.

I am no CPA.



To: SliderOnTheBlack who wrote (27090)8/5/1998 8:12:00 PM
From: Alski  Respond to of 95453
 
Slider,
You NEVER loose your loss, it's just postponed.
buy 1000 @ $36
sell 1000 @ $28 (8/share loss)
wash sale buy 500 @ $18

This year you get to take a loss of only 500 X $8 = $4000 but the basis for the 500 you hold is not $18, it's $26 (the $18 you paid plus the $8 wash sale deferred loss). So, when you finally sell that 500, for tax purposes you "paid" $26 for them, not $18.
Alski


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