turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Matt071021
Returning Member

Wash Sales : What order do losses attach to the cost basis of new purchases?

I have made several purchases of XYZ stock (across 2 brokers) within the +/- 30 day window of a loss sale (due to option expiring out of the money). what is the order of new shares that the new cost basis attaches itself to? 

 

Is it shares that I just purchased a week ago? 2 weeks ago? Can I just buy again today and my broker will adjust the cost basis for these shares and all other purchases will be ignored?

 

Thanks for any info!

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Wash Sales : What order do losses attach to the cost basis of new purchases?

Great question Matt071021,

 

Your broker will automatically adjust the cost basis for any same or similar new purchase, the second a loss was initially being determined by their cost basis software.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies