@DianeW777
Thanks for the reply. You're really helping me understanding what is going on.
Just to make sure I'm understanding:
1) I understand that the $130 loss allowed in full applies to the last 10 shares - which makes sense (accounting for the previous 10 shares with wash sales).
2) What about the previous loss of $50 in the previous sale for the 10 shares? Would that be allowed as well (for a net loss of $180 for that year = $130 + $50)? If the first loss of $50 is not allowed, would that then add $100 to the cost basis?
3) "The 60 day window" phrase seems a little confusing to me fore few reasons:
CASE A) if a bought it on 4/1 and bought again on 4/5 and sold everything on 4/15 and 4/25 (both with a loss), how would the 60 day window apply? From the perspective of both sales, either 4/1 and 4/5 is within the -30 day window. Shouldn't the phrasing be, "60 day window unless you sold all the assets bought during that time period and not purchase any additional ones in the +30 day window" or was that what you mean in that sentence "if you did not purchase any additional stock with in the 60 day window".
Let me know if I'm not making any sense. I really appreciate it.
