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Level 1
June 7, 2019
Question

Wash Sale Question on Multiple Lot Buys and One Final Sale (All shares)

  • June 7, 2019
  • 2 replies
  • 8 views

I had some transactions flagged for wash sales so I want to confirm for future reference.

I purchased ABC stock with the following lots and prices:

4/22 63 shares @$16.50

5/2 190 shares @ $16

5/10 382 shares $15.50

5/20 sold all shares around $14.40

Some of the lots show wash sales. Because I sold all the shares, the disallowed losses cannot be added back to the cost basis of any "replacement" shares.  So are my losses just gone? 

2 replies

Alumni - Champ
June 7, 2019
The simple math indicates a loss of $856.50.  What do you show as the resulting loss based on the 1099-B input?
fanfare
Level 15
June 7, 2019
Your basis in identical shares is adjusted by the broker when the wash sale instantiates. Wash sale losses are deferred losses, not lost.