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Level 3

Solved

Wash sale rules

1 reply
37 views

I sold several vanguard bond, muni mutual funds and ETF's and moved the money to Vanguard settlement money market fund. Would this be considered wash sale? Also, if I now buy with that money individual treasury bonds, would that trigger wash sale rule?

Not A Product Question

Level 15

Expert Reviewed

@spichon no, moving the cash to a money market fund does not trigger 'wash sale'.

Wash Sale is triggered when you sell a position for a loss AND you purchase that same security 30 days prior to or 30 days after the sale date.

example

Purchase 100 shares of X company @ $10 on January 1

Purchase 80 shares of X company @ $9 on February 1

Sell 50 shares of X company from the January 1 lot on Feb 15 for $8 - that loss of $100 is considered a wash sale because there was a loss and another lot was purchased between January 15 and March 15.

Level 15

Expert Reviewed

@spichon no, moving the cash to a money market fund does not trigger 'wash sale'.

Wash Sale is triggered when you sell a position for a loss AND you purchase that same security 30 days prior to or 30 days after the sale date.

example

Purchase 100 shares of X company @ $10 on January 1

Purchase 80 shares of X company @ $9 on February 1

Sell 50 shares of X company from the January 1 lot on Feb 15 for $8 - that loss of $100 is considered a wash sale because there was a loss and another lot was purchased between January 15 and March 15.