My situation is a bit more complex I believe due to the involvement of the RSU vesting.
So here is the scenario: (FYI, prior to this I knew nothing about wash sales).
On 4/27: I sold 27 shares of my company stock in my ESPP account. I purposely selected HIFO and sold all shares for a loss (~$800)
On 5/1: I had an RSU grant vest (71 total shares, received 44, 27 withhold for taxes)
As I have been reading about wash sales and how to deal with them on my taxes, I have learned that the loss ($800) is not gone forever; I am to add it to the cost basis for the share purchased (in this case the vested RSU shares).
RSU questions:
1) Is that true in the case of the RSUs?
2) Do RSUs have a cost basis and what is it?
Non RSU questions:
3) Also, I have to ask this again because I am purchasing shares monthly through my ESPP. This is a "share for share" thing right? By that I mean, if I sold 10 shares on day 1 for a loss, then bought 2 shares on day 2; I can still write off the loss for 8 shares, right? and then defer the loss for the 2 shares by adding that loss to my cost basis for the 2 shares purchased on Day 2.
Example: Day 1 sold 10 shares (cost basis $5 per share) (sale price $3 per share): Loss is $2 per share.
Day 2 purchased 2 shares @ $3 per share. total cost basis would be $10 (6$ from this transaction plus $4 deferred loss from the 2 shares from the first transaction).
Does this sound like I have it right?
