AmyC
Employee Tax Expert

Investors & landlords

Let me explain more. Let's do an example.

Buy ABC 100 shares for $4,000 - date irrelevant

Sell ABC  100 shares April 1 for $2,000, this could be a $2k loss except

Buy ABC 50 shares  April 28 for $1,200

A purchase that is 30 days either side of the sale, you have a wash sale. So the wash is added to the basis and the most recent purchase is your purchase date.

However, only half the shares were purchased. So half is a loss and half is a wash.

Now we have a wash sale of 50 shares with the most recent purchase date, April 28.

Now, basis is $2,200, purchase date is April 28.

Half the shares reported as sold for $1k loss.

 

Yes call options with different strike prices are substantially similar. Corn is corn is corn. ABC stock is ABC stock. XYZ is XYZ, price is not a factor.

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