Wash Sale Rule Scenario?

1. Bought 500 shares of XYZ on May 1


2. Bought 500 more shares of XYZ on May 4


3. Bought 500 more of XYZ on May 5





At each interval, the stock price was lower. Should the stock price on XYZ plummet on May 6, and I were to sell the entire position (1500 shares) on that same day, would wash sales rules apply? How could I avoid?Wash Sale Rule Scenario?
To avoid the wash sale rules, you could not buy XYZ stock again for 30 days.Wash Sale Rule Scenario?
extra_37 is correct. A wash sale only exists if you buy the same stock within the specified timeframe after selling at a loss - then you can't deduct the loss from your current taxes, it rolls into the basis of the newly-purchased stock.





As long as you don't repurchase XYZ stock, there is no wash sale.