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easy wash sale query
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MZB
Mar 25, 2012, 12:43:38 PM3/25/12
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Let's suppose I am in and out of XYZ a few times and let's assume a loss
of $1000 is disallowed as of 3/30/12 due to wash sale rules.
If I do not invest in XYZ for the next 31 days, is this $1000 then
recaptured as a loss?
(I know if I get back in later on the $1000 is recaptured since it is
added to the cost basis. But what if I don't get back in?)
Mel
of $1000 is disallowed as of 3/30/12 due to wash sale rules.
If I do not invest in XYZ for the next 31 days, is this $1000 then
recaptured as a loss?
(I know if I get back in later on the $1000 is recaptured since it is
added to the cost basis. But what if I don't get back in?)
Mel
Arthur Kamlet
Mar 25, 2012, 10:04:55 PM3/25/12
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IRAs etc, it means you are still holding the replacement shares which
created a wash sale.
The disallowed loss is added to basis of those replacement shares, and
only when you dispose of those replacement shares and stay out of the
security for over 30 days can you be sure you have purified yourself
of wash sale effects for that security.
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
704set
Mar 27, 2012, 6:50:25 AM3/27/12
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for 31 days.
--
704set
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