Timeline for I have $20k of imaginary gains from trading last year due to wash sale rules. Should/can I take mark to market?
Current License: CC BY-SA 3.0
13 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Apr 10, 2014 at 22:38 | history | edited | Matt Chambers | CC BY-SA 3.0 |
fixed calculation
|
| Apr 10, 2014 at 20:28 | comment | added | Chris W. Rea | @JoeTaxpayer We do have a similar rule in Canada but it is more commonly referred to as the superficial loss rule. | |
| Apr 10, 2014 at 17:03 | history | edited | Matt Chambers | CC BY-SA 3.0 |
added table
|
| Apr 10, 2014 at 16:35 | vote | accept | Matt Chambers | ||
| Apr 10, 2014 at 14:57 | answer | added | NL7 | timeline score: 3 | |
| Apr 10, 2014 at 14:19 | comment | added | NL7 | Wash sale gains? I'm not certain I follow. IRC § 1091 is only about disallowed losses. Are you saying that the disallowed losses are $15k, such that your tax gain is $20k while your economic gain was only $5k? Note that for disallowed wash sale losses you will still get those losses later in your basis when you fully exit the position. They are deferred but not erased. | |
| Apr 10, 2014 at 14:08 | history | edited | Matt Chambers |
edited tags
|
|
| Apr 10, 2014 at 5:07 | history | tweeted | twitter.com/#!/StackFinance/status/454123409883271168 | ||
| Apr 10, 2014 at 2:23 | comment | added | JTP - Apologise to Monica♦ | Do other countries have wash sale rules? | |
| Apr 10, 2014 at 0:31 | comment | added | Chris W. Rea | Hi Matt. Could you please add a country tag? It's required when taxes are the subject. Thank you. | |
| Apr 10, 2014 at 0:18 | comment | added | JTP - Apologise to Monica♦ | Punitive? I hope you weren't blindsided by the wash rules. It's pretty straightforward. | |
| Apr 10, 2014 at 0:06 | answer | added | littleadv | timeline score: 4 | |
| Apr 9, 2014 at 23:34 | history | asked | Matt Chambers | CC BY-SA 3.0 |