No, only a loss on the first leg of the transactions is affected by the wash sale rule. If you had a gain on the first sale, wash sale rule doesn't apply.
Monday, December 21, 2009
Who understands the wash sale rule?
If I bought a stock and sold it the next day for a profit then bought it again and sold it for a loss within 30 days, am I suppose to take the loss and apply it to my cost basis for the first purchase? I am using Turbo Tax and when there is a wash sale event, it assumes that I held on to the stock for the rest of the year. HELP!Who understands the wash sale rule?
No, only a loss on the first leg of the transactions is affected by the wash sale rule. If you had a gain on the first sale, wash sale rule doesn't apply.master cleanse oil gas
No, only a loss on the first leg of the transactions is affected by the wash sale rule. If you had a gain on the first sale, wash sale rule doesn't apply.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment