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Message
Wash-sale rule
Posted on 10/14/25 at 3:39 pm
Posted on 10/14/25 at 3:39 pm
I understand the basics of the wash-sale rule, but I’m confused on what happened to me….
I had a stock for several years, bought anywhere from $1 up to $7. I was able to eventually get my cost basis down to $2.56 and it finally jumped up to $2.69 when I sold everything. Made maybe $100 off of it.
All of the shares above the $2.69 I sold at I’ve held for several years
Like an idiot I bought in again at $1.97 for 1000 shares 16 days after I sold the stock. So I spent about $1997 on it.
The stock is at $2.51 now.
But when I look at my portfolio it’s showing me at a cost basis of $4,429. And roughly a 42% loss.
How is this possible?
I had a stock for several years, bought anywhere from $1 up to $7. I was able to eventually get my cost basis down to $2.56 and it finally jumped up to $2.69 when I sold everything. Made maybe $100 off of it.
All of the shares above the $2.69 I sold at I’ve held for several years
Like an idiot I bought in again at $1.97 for 1000 shares 16 days after I sold the stock. So I spent about $1997 on it.
The stock is at $2.51 now.
But when I look at my portfolio it’s showing me at a cost basis of $4,429. And roughly a 42% loss.
How is this possible?
This post was edited on 10/14/25 at 3:42 pm
4
Posted on 10/14/25 at 3:41 pm to Ballstein32
I think you’d have to wait 30+ days and not 16.
It essentially disallowed losses for shares that were bought higher than the 2.69 sell price.
It essentially disallowed losses for shares that were bought higher than the 2.69 sell price.
This post was edited on 10/14/25 at 3:47 pm
Posted on 10/14/25 at 3:41 pm to Ballstein32
because one or more of your lots was sold at a loss and thus it’s a wash sale event and the difference is the penalty
This post was edited on 10/14/25 at 3:43 pm
Posted on 10/14/25 at 3:43 pm to bayoubengals88
But what I’m confused about is how I put in $1997 and it’s showing I put in $4300+?
Posted on 10/14/25 at 3:43 pm to Ballstein32
because the shares you bought were assigned a higher price
Posted on 10/14/25 at 3:44 pm to cgrand
Got it. That sucks. I figured it’d be from the whole sale, not divided up by the lots I bought. Damn
Thanks
Thanks
Posted on 10/14/25 at 3:45 pm to Ballstein32
cost basis per share means nothing, forget you ever heard of it. Always know your lot values
Posted on 10/14/25 at 4:19 pm to Ballstein32
Always sell lots in profit only if you’re looking to trim and rebuy quickly… hold the losses until you’re done with the name for good.
Posted on 10/14/25 at 5:38 pm to Ballstein32
quote:
I understand the basics of the wash-sale rule
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