DianeW777
Expert Alumni

Get your taxes done using TurboTax

The cost basis of $150 ($10x10+$50), in your example includes the wash sale loss.  When you sold the remaining 10 shares at $2 per share that is the selling price the entire loss is allowed if you did not purchase any additional stock with in the 60 day window.

  • $150 - $20 = $130 loss allowed in full

 

 

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