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Wash sale question

Posted on 12/13/22 at 9:30 am
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5669 posts
Posted on 12/13/22 at 9:30 am
Say I own 100k shares of ABC company at an avg cost of $5/share. The price of ABC increases to $10/share and I decide to sell half of my position. Some of my shares were purchased for $20/share and those lots were sold for a loss. The other shares were purchased for less than $5 and those lots were sold for a gain. Overall, there was a realized gain on ABC Company. The cost basis for the remaining 50k shares is now $3/share.

Can I buy more shares before the 30-day window, or does the wash sale apply here on the shares that were sold for a loss?
Posted by el Gaucho
He/They
Member since Dec 2010
58529 posts
Posted on 12/13/22 at 10:15 am to
You still holding all that zom and workhorse baw?
Posted by ATLsuTiger
Johns Creek
Member since Aug 2009
5669 posts
Posted on 12/13/22 at 10:40 am to
Never owned either, baw. I'm rocking with OWLT right now.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
40269 posts
Posted on 12/14/22 at 10:44 am to
If you sell any shares at a loss, and rebuy any shares of the same or substantial similar security within 30 days (before or after the sale) the wash sale rules apply.

If you sold only the shares that were at a gain, then you coudl rebuy more with no issue.

Each lot is treated differently.
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