this seems like a good thread to ask my question on a wash sale my broker applied to a recent purchase following a previous sale...
1. i own(ed) 500 shares purchased on different dates and prices over the past 18month. most recent purchase was over 6 months ago
2. on sept. 1, i sold 200 shares at a loss
3. on sept 28, i sold 100 shares at a loss
4. on oct. 16 (45 days after the sept. 1 sale), i bought 200 shares -- yes, to "replace" the 200 shares sold on sept 1. when buying shares there is no concept of specifying replacement shares. share specification is a concept only applied to shares sold (in my case, first in, first out was applied)
5. my broker is calling this a wash sale triggered by the purchase being less than 30 days from sale on sept. 28.
6. i'm still trying to figure out what loss amount was applied to the share purchase on oct. 16, but to my mind, the oct. 16 purchase is not vs. the sept. 28 sale but is against the sept. 1 sale..
thoughts, please??
thank
