I am a a little confused with the wash rule. It states:
"It defines a wash sale as one that occurs when an individual sells or trades a security at a loss and, within 30 days before or after this sale, buys a “substantially identical” stock or security, or acquires a contract or option to do so. A wash sale also results if an individual sells a security and the individual's spouse or a company controlled by the individual buys a substantially equivalent security."
Consider case:
I bought 1 share of A for $100 on Jan 1st
I sold 1 share of stock A for $140 on Jan 2nd
I re-purchase 1 share of A for $130 on Jan 10th
I sold 1 share of A for $80 on Jan 11th
So I ended up with Net Loss of = 10$. Is it considered a wash sale ? Can I use it as capital loss to adjust my overall capital gain in that tax year ? Thanks in advance for your answers.
