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Investors & landlords
Yes, it is a wash sale and you can not claim the loss on the shares sold three days after the original purchase. The amount of the loss is added to the cost basis of the remaining shares. For details on how the wash sale rules work, see chapter 4 of IRS Publication 550, at this link
https://www.irs.gov/pub/irs-pdf/p550.pdf
https://www.irs.gov/pub/irs-pdf/p550.pdf
May 31, 2019
5:00 PM