NCperson
Level 15
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@spichon no, moving the cash to a money market fund does not trigger 'wash sale'.

 

Wash Sale is triggered when you sell a position for a loss AND you purchase that same security 30 days prior to or 30 days after the sale date.  

 

example

 

Purchase 100 shares of X company @ $10 on January 1

Purchase 80 shares of X company @ $9 on February 1

Sell 50 shares of X company  from the January 1 lot on Feb 15 for $8 - that loss of $100 is considered a wash sale because there was a loss and another lot was purchased between January 15 and March 15. 

 

 

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