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bbeerboy
New Member

I sold stock and then re-bought it 4 days later. Do I still have to pay capital gains?????????

I sold stock and then re-bought it 4 days later. Do I still have to pay capital gains?????????

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MichaelL1
Level 15

I sold stock and then re-bought it 4 days later. Do I still have to pay capital gains?????????

Yes the sale is reportable on the return. 

If you sold it with a loss and then re-bought it back within 30 days, the wash sale rules would come into play.

However if sold with a gain, the wash sale rules do not apply.

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1 Reply
MichaelL1
Level 15

I sold stock and then re-bought it 4 days later. Do I still have to pay capital gains?????????

Yes the sale is reportable on the return. 

If you sold it with a loss and then re-bought it back within 30 days, the wash sale rules would come into play.

However if sold with a gain, the wash sale rules do not apply.

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