1663232
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

Shaddox5
New Member

Wash Sale Question

Over the course of 30 days I gradually bought 101 shares of stock. I recently sold 43 shares of that stock at a small loss (less than 3 dollars). I was left with 58 shares and to make it an even number I bought 2 shares back to have 60 total. A week or so later I decided to sell all 60 shares and get completely out, this time at a loss of around 30 bucks. All of the buying and selling happened withn a 30 day period. Does this constitute a "wash sale" and how should I handle it when filing taxes next year? Thanks in advance.

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.

2 Replies
rjs
Level 15
Level 15

Wash Sale Question

Since all the purchases and sales took place in the same year, and you ended up selling all the shares, it doesn't matter whether you treat it as a wash sale or not. Your total gain or loss will be the same either way. You will get a Form 1099-B from the brokerage at the end of the year showing all the sales. Just report it on your tax return the way it's shown on the 1099-B.

 

Shaddox5
New Member

Wash Sale Question

Thank you very much! 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question