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Get your taxes done using TurboTax
I really appreciate your answer - not just "what I wanted to hear." I think you're right.
On this:
"If you were to rebuy IBM stock within the 30 day period following the sale, then that loss would be considered a wash sale."
When you say "that loss" with the previous sentence - this is why I labeled each buy and sell with a name, for specific reference - you mean "that loss" to be the loss on (actual sale 1)? Or any sale, loss or gain on this new IBM purchase you made within 30 days after (actual sale 1)?
Then also: but if I did buy (buy x) within the 30 day period, then sold this buy (buy x) within a few days AT A GAIN, I presume the previous sale (actual sale 1- the one I sold after holding 2 years) would still be a wash sale?
March 30, 2022
7:46 AM