Scenario: In one account I bought 10 shares of IBM 2 years ago. In the other, I bought 10 shares of IBM 2 weeks ago. I am the sole owner and operator of both accounts. There are no other buys of IBM at anytime other than just described.
Suddenly I sell (actual sale 1) the 10 shares bought 2 years ago at a loss.
The next day the shares of IBM I bought 2 weeks ago are significantly higher in price, so if I sold them (potential sale 2) it would be a gain.
BUT, do I have to wait 30 days to sell these bought 2 weeks ago (potential sale 2) to avoid the ones I sold after 2 years (actual sale 1) - to avoid actual sale 1 being a wash sale?
How do I proceed with the shares bought 2 weeks ago to avoid a wash sale?
