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Level 5
posted May 21, 2024 9:21:52 AM

Wash sale questions

Let's say I bought 100 ABC @ $50 on Jan 1, and then another 100 ABC @$30 on Jan 27, and another 100ABC @$15 on February 26,  does that mean whatever one I choose to sell constitutes Wash Sale?

if I sell 1st & 3rd purchases also Wash Sale?

 

Let's say if the last100 ABC @$15 was bought on Feb 28 (30+ days after 2nd purchase) , if I sell 1st and 2nd purchases together, it won't be considered as Wash sale?

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1 Replies
Level 15
May 21, 2024 12:45:03 PM

Each transaction is considered separately. 

If you sell a security at a loss and buy the same or a substantially identical security within 30 calendar days before or after the sale, you won't be able to take a loss for that security on your current-year tax return.