Questions tagged [wash-sale]

A wash sale is a sale of a security at a loss and repurchasing the same or substantially identical stock shortly before or after with the intention of realizing the loss as a claimable tax deduction but still reaping gains if the security's price recovers.

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Wash Sale Basis Adjustment When There Are More Replacement Shares

Consider the following scenario: On Jan 1 I bought 10 shares of XYZ for $10 each on Jan 1, and sold them for $8 each on Jan 2, resulting in a loss of $20 ($2/share) On Jan 10 (less than 30 days ...
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better understanding wash sale rule

This is for USA tax purposes. I find wash sale rule simultaneously a simple and complicated concept. I kind of understand overall idea, but miss the details. Surprisingly, I couldn't find many ...
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How to adjust cost basis for multiple wash sales for 1099

How do I adjust the cost basis for my trades that incurred a wash sale on my 1099. Do I total all of the wash sales and add to the cost basis of the last trade? see below image
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Why does my 1099-B show an amount on box 1g?

Early last year I incurred some wash sales. All of the securities involved in those transactions, however, were liquidated long (more than 30 days) before the end of the year. My assumption was that ...
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Cost basis of "undetermined transactions" after wash sales

I have an "undetermined transactions" section on my 1099-b for a sale of the entire position of a given stock in Dec 2022 and am trying to figure out how to calculate the cost basis for it (...
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Cross Brokerage Wash Sale Help Needed

The following trades happened in a month: Day 4: Bought 83 Shares of Company A using Fidelity Day 5: Bought 118 Shares of Company A using E-Trade Day 7: Sold 118 Shares of Company A bought in E-Trade ...
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Wash Sale on Monthly RSU Vests

I haven't really sold any of my RSU's that I received from my company in the 5 years I've been there. To simplify the situation: I have 100 units at $50 from 2019. I have 100 units at $150 from 2022. ...
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Can a self-employed add a new mark-to-market account for day trading?

I am self-employed in USA. I am available during the stock trading time. I am thinking of starting day trading after a few months of preparation. I may begin with scalping. I will keep my current ...
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Most cost effective way to realize profits?

Selling a security at a loss is subject to wash sale rules in the US, but selling a security at a gain is not. While they are rare, there are a few situations in which an investor might want to ...
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Tax loss - wash sale rule and mutual funds

I was reading up on tax loss harvesting because I recently sold some stock at a loss. I've know about the wash sale rule, but in my reading came across this information (emphesis mine) This means ...
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Is there a wash sale rule in the UK?

I've heard a lot about wash sales recently from YouTube videos by Americans. I don't know about, and can't seem to find any info on, wash trading in the U.K. (I'm not sure if what I'm about to refer ...
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How do I control how dividends are reinvested in my 401(k)?

I have a 401(k) through Ascensus. I would like to do tax loss harvesting with an index fund I hold in my taxable account and I want to make sure there is no possible wash sale in my 401(k). Therefore, ...
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How to prevent a wash sale from ESPP share purchases and RSU vesting

Earlier this year I exercised (and held) ISOs my company offered. At the time, the FMV was fairly high but has since dropped. I am looking at selling my previously exercised shares and repurchasing ...
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Is writeoff gone forever if I trigger a wash sale by repurchasing in an HSA?

I sold 20 contracts of XYZ call option spreads at a total loss of $25,000 in a taxable account. The next day I bought 10 shares of XYZ in my HSA (oops - I hadn't realized that this counts as a wash ...
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Does selling gainers and loser lots of stock trigger Wash Sale?

My employers gives me stock compensation every month. There is no day in the year I can sell my losing lots of stock without triggering the wash sale rule. Can I sell winnings and losing lots of ...
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Can a wash sale exist across calendar years?

If the sale and subsequent repurchase of a stock occurs in two separate calendar years, but within 30 days of each other, is that still considered a wash sale for tax purposes of the sale in the first ...
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Extending the period for causing a wash loss

I sold a stock at a loss and when I buy it back cheaper I want that purchase to cause the loss to be a wash loss. Problem is that I might not get the lowest repurchase price within 30 days. So suppose ...
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2 votes
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wash sale for short-term loss?

Let's say I buy 1 share of stock X for $2, then sell that share back a week later for $1. The wash sale rules say that it's a wash sale if I buy the stock within 30 days before or after the sale. ...
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Is The Wash Sale Definition Vague, Or Am I Reading It Wrong?

From Pub 550, page 56 (or so), "Wash Sales" is defined as: "A wash sale occurs when you sell or trade stock or securities at a loss and within 30 days before or after the sale you: ... ...
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If it is a margin call but I am lucky to buy back in IRA, is it considered a "wash sale"?

Due to the stock market going down, I got a margin call, and may be forced to sell a few thousand dollar worth of stocks. However, I am lucky enough because I ended an employment with an agency, and ...
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Wash Sale information

I sold 100 shares at loss. Can I sell the put option NOW, which gets exercised after 31 days; is it considered a wash sale?
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Wash sale rules do not match broker's report

I inadvertently triggered a wash sale in my taxable account (in the US). What my broker reports does not match my understanding of the wash sale rules, so I'm asking here whether it is my broker or I ...
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wash sale with leveraged ETF

If a person sales regular ETF ( suppose QQQ) at a loss and buys a leveraged ETF on similar Index e.g TQQQ within 30 days, will the loss on QQQ be treated as wash sale ?
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Wash Sale - Selling RSU Shares Before Another RSU Vest

I currently have RSUs that vested three months ago where the the current market price is lower than the value of the stock when I acquired it. I'd like to sell these RSUs (at a loss of about -$5,000) ...
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What's the point of the wash rule?

I don't understand the 30-day wash-rule. Someone please set me straight. So let's say I purchase 100 shares of Hot Stock X, for $100 apiece. So $10,000. Let's say that the stock goes down 50% on a ...
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Can Wash sale be claimed in this situation in adults joint account

I had bought some sharers of an sector ETF in my joint account with my spouse. Now those shares (suppose quantity 250) are far below ( let say $40 per) our purchase price( let say $100). I am thinking ...
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How would I calculate the wash sale permanently disallowed?

If I close a put position at a loss in an after-tax account and buy 1 share of the underlying in an IRA within 30 days, how much of the loss is permanently disallowed according to IRS wash sale rules? ...
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Within thirty days I buy 1 share of NVDA at 210 and sell for 215 the same day. What is my cost basis for that share?

I am trying to understand the implications of wash sale as it affects gains and repurchase at higher price. I buy 1 share of NVDA at 200 and the sell at the same exact price. Within thirty days I buy ...
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Crypto Wash Sale rule

There are various sources indicating that in the United States, the Wash Sale rule does not apply to Cryptocurrencies as they are considered property rather than securities. Does that mean that it is ...
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Calculate wash sales deferred loss unequal shares

How do you calculate the deferred loss from the following: symbol Buy & Sell date QT Proceeds Cost Gain/Loss XYZ 2/20/21 50 300.5 320.5 -20 XYZ 2/20/21 30 165.8 196.8 -31 XYZ 2/20/21 3 14.75 ...
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Does Wash Sale Rule Apply If Gain?

Recent market volatility had me trying to explain wash sales to someone and I realized I wasn't completely sure about the following: Day 1) Sell a stock position at a loss Day 2) Stock price ...
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What do I need to do to exit the wash sale so the loss would have been allowed?

This past year I started heavy day-trading of option contracts. I was aware of the wash sale rule... however when I received my 1099-B the wash-sale calculations are significantly different than I ...
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Will this trade trigger the wash sale rule?

i have an example Step 1: bought 1000 shares at 2$ Step 2: Share price dropped to 1$ the same day and added another 1000 same day(averaging down) Step 3: Next day stock increased to 1.5$ i sold 1000 ...
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Wash sale question about repeated buying and selling at a loss

I got into investing last year and there is a repeated trade on a stock I made that is bothering me. I'm not sure I fully understand the wash sales rule. Most of the examples online discuss selling a ...
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How does wash sale rule affect protective puts?

TLDR: Do sales of long puts at a loss and purchase of underlying stock within 30 days qualify as wash sale rule? Let's say I am a long term investor on SPY, and I buy $1,000 of SPY every month on the ...
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Does the wash sale rule apply in reverse?

What if I sold an asset that will result in a profit, instead of a loss, but then buy it back within 30 days. Will this profit be taxable?
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Would I be able to avoid the wash sale rule if I buy back the security on January 1st after selling it on December 31st?

It would definitely be within 30 days, but it would be of next year. So would this successfully by pass the wash sale rule?
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Has anything changed since 2019 regarding selling shares within 30 days of purchase being deductible for tax purposes?

The upvoted answers to this questions, if correct, indicate that, under US law, if one buys and sells an equity within 30 days for a loss, and does not repurchase anything substantially identical ...
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Does the following trade history constitute a wash sale

2/17/21 bought 100 shares of FTFT at $9 a share 2/18/21 bought 100 shares of FTFT at $9 a share 2/25/21 bought 100 shares of FTFT at $5.45 a share. 12/1/21 bought 200 shares of FTFT at $1.50 a ...
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Wash Sale for stocks and FIFO taxes

I have a situation where I'm trying to avoid a wash sale and am trying to realize some losses by year end. Here's the situation: Jan 1st - purchase 100 shares of XYZ at $100 per share - $10,000 March ...
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Will selling a recent purchase at a loss trigger wash sales?

I have the following lots: 100 shares on 9/1/2020 for $20/share 50 shares on 5/1/2021 for $40/share 10 shares on 10/1/2021 for $35/share Currently the price is $30/share and I want to cut losses and ...
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Wash sale- Sell stock buy bonds?

If I sell stock of Company-X at a loss and immediately buy the bonds of Company-X, am I allowed to deduct any loss on the sale of stock on my taxes, ie would this be considered a Wash Sale?
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Is loss disallowed after wash sale involving IRA, but rebought in traditional brokerage first?

I've read horror stories about someone selling stock A for a loss in a traditional brokerage and rebuying the stock in an IRA. Their basis in their IRA does not ever adjust and they cannot ever ...
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Covered call selling and wash sale or potential IRS problems?

I have a stock position that went south really quick and I have been holding on for about 5 months now. My last average down was 4 months ago. My average price is $12 and the stock is currently ...
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Wash sale rule for me?

I am in US. First of all I didn't knew wash sale applies for multiple accounts. That is completely my silliness. I purchased 100 shares of company X at $10 each in account 1 on January 1. I sold 30 ...
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How does the wash sale rule apply when trades in quick succession net positive?

This is probably best illustrated with an example: Day 1: I buy 10x AAPL for $1000 Day 2: I sell 10x AAPL for $2000 ($1k gain) Day 3: I buy 10x AAPL for $1000 Day 4: I sell 10x AAPL for $500 ($500 ...
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Wash sale clarification on options trading

If I buy deep in-the-money put options, and sell not so deep in-the-money (higher strike priced) put options and if both expire worthless, will I not be allowed to deduct the loss incurred from the ...
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Wash sale rule impact of overall cost basis of long term investment [closed]

I'm new to investing and did not know there was a wash sale rule. I bought a stock as I had thought it was at its bottom and sold as it continued to drop. I then bought the stock back later as it ...
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Can IRS construe a Roth conversion to be a wash sale?

Should I do Roth IRA conversions after a market crash? I have too much money in my traditional IRA and not enough money in my Roth IRA. Both accounts use VTSAX. I have no intention of touching it any ...
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Thoughts on this wash sale scenario

I traded options and believe had several wash sales. Does it matter if they're puts or calls or sell to close or expired? Is it possible they're not wash sales as wash sales are not indicated on my ...
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