Monday, December 21, 2009

If I sell a stock before the new year and repurchase it soon after, does the wash sale rule still apply?

Thanks!If I sell a stock before the new year and repurchase it soon after, does the wash sale rule still apply?
If you sell the stock 12/31 and rebuy the stock between 12/1 and 1/30, you are subject to wash sale rules.





The loss is postponed until you sell the replacement stock.If I sell a stock before the new year and repurchase it soon after, does the wash sale rule still apply?
Yes, if you buy it back within 30 days the wash sale rule applies.

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