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Wash sale question
Posted on 12/13/22 at 9:30 am
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?
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 on 12/13/22 at 10:15 am to ATLsuTiger
You still holding all that zom and workhorse baw?
Posted on 12/13/22 at 10:40 am to el Gaucho
Never owned either, baw. I'm rocking with OWLT right now.
Posted on 12/14/22 at 10:44 am to ATLsuTiger
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.
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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