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wb1
New Member

I sold a DODGE & COX stock fund and deposited proceeds into VANGUARD . Then I bought a similar Vanguard stock fund. My 1099-B reports a gain. How do I report a wash sale?

 
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Coleen3
Intuit Alumni

I sold a DODGE & COX stock fund and deposited proceeds into VANGUARD . Then I bought a similar Vanguard stock fund. My 1099-B reports a gain. How do I report a wash sale?

You can't because it is a gain. The rule 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.

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Coleen3
Intuit Alumni

I sold a DODGE & COX stock fund and deposited proceeds into VANGUARD . Then I bought a similar Vanguard stock fund. My 1099-B reports a gain. How do I report a wash sale?

You can't because it is a gain. The rule 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.

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