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ttn503
New Member

Does this consider as a wash sale ?

I sold some of my company stocks at a loss.  Within a couple weeks, the regular semi-annual (Feb/Aug) company stocks purchase triggered and bought more stocks during this time.  It was not my Buy order and I was not aware until I saw the Wash sale reported on my 1099-B.
Does this still apply as a wash sale even if this is a regular semi-annual company stock purchase?

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2 Replies
rjs
Level 15
Level 15

Does this consider as a wash sale ?

Yes, it's a wash sale. You bought the new stock. It doesn't matter how the purchase was triggered. Signing up for the semi-annual purchases was your buy order.

 

In the future you might want to take the automatic purchase dates into account when you are considering selling at a loss.

 

ttn503
New Member

Does this consider as a wash sale ?

thank you for your response.

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