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Does the stock wash sale rule apply here?
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D L
Mar 17, 2023, 4:20:22 AM3/17/23
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I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
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ira smilovitz
Mar 17, 2023, 8:36:13 AM3/17/23
to
On Friday, March 17, 2023 at 4:20:22 AM UTC-4, D L wrote:
> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
>
> --
No wash sale. The first transaction to close has to be a loss.
> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
>
> --
Ira Smilovitz, EA
Leonia, NJ
D L
Mar 18, 2023, 4:24:37 AM3/18/23
to
On Friday, March 17, 2023 at 5:36:13 AM UTC-7, ira smilovitz wrote:
> On Friday, March 17, 2023 at 4:20:22 AM UTC-4, D L wrote:
> > I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
> >
> > --
> No wash sale. The first transaction to close has to be a loss.
>
> Ira Smilovitz, EA
> Leonia, NJ
Thanks a lot!.
> On Friday, March 17, 2023 at 4:20:22 AM UTC-4, D L wrote:
> > I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
> >
> > --
> No wash sale. The first transaction to close has to be a loss.
>
> Ira Smilovitz, EA
> Leonia, NJ
Wilson
Mar 18, 2023, 1:38:55 PM3/18/23
to
On 3/17/2023 4:20 AM, D L wrote:
>
> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
>
Your timeline seems a bit off, wash sale or not.
>
> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
>
D L
Mar 19, 2023, 3:34:10 AM3/19/23
to
On Saturday, March 18, 2023 at 10:38:55 AM UTC-7, Wilson wrote:
> On 3/17/2023 4:20 AM, D L wrote:
> >
> > I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
> >
> Your timeline seems a bit off, wash sale or not.
> --
These are the facts. What is your point?
> On 3/17/2023 4:20 AM, D L wrote:
> >
> > I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
> >
> Your timeline seems a bit off, wash sale or not.
> --
Taxed and Spent
Mar 19, 2023, 11:05:25 AM3/19/23
to
On 3/19/2023 12:31 AM, D L wrote:
> On Saturday, March 18, 2023 at 10:38:55 AM UTC-7, Wilson wrote:
>> On 3/17/2023 4:20 AM, D L wrote:
>>>
>>> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
>>>
>> Your timeline seems a bit off, wash sale or not.
>> --
> These are the facts. What is your point?
>
I saw that too:
> On Saturday, March 18, 2023 at 10:38:55 AM UTC-7, Wilson wrote:
>> On 3/17/2023 4:20 AM, D L wrote:
>>>
>>> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
>>>
>> Your timeline seems a bit off, wash sale or not.
>> --
> These are the facts. What is your point?
>
You sold a stock on 3/8/22.
THEN you bought the same stock on 2/11/22.
Did you really "THEN buy the same stock" on MARCH 11, 2022 maybe?
ira smilovitz
Mar 19, 2023, 11:40:38 AM3/19/23
to
On Sunday, March 19, 2023 at 11:05:25 AM UTC-4, Taxed and Spent wrote:
> On 3/19/2023 12:31 AM, D L wrote:
> > On Saturday, March 18, 2023 at 10:38:55 AM UTC-7, Wilson wrote:
> >> On 3/17/2023 4:20 AM, D L wrote:
> >>>
> >>> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
> >>>
> >> Your timeline seems a bit off, wash sale or not.
> >> --
> > These are the facts. What is your point?
> >
> I saw that too:
>
> You sold a stock on 3/8/22.
>
> THEN you bought the same stock on 2/11/22.
>
> Did you really "THEN buy the same stock" on MARCH 11, 2022 maybe?
> --
It doesn't matter if the replacement shares were bought before or after the profitable sale. There is no wash sale.
> On 3/19/2023 12:31 AM, D L wrote:
> > On Saturday, March 18, 2023 at 10:38:55 AM UTC-7, Wilson wrote:
> >> On 3/17/2023 4:20 AM, D L wrote:
> >>>
> >>> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
> >>>
> >> Your timeline seems a bit off, wash sale or not.
> >> --
> > These are the facts. What is your point?
> >
> I saw that too:
>
> You sold a stock on 3/8/22.
>
> THEN you bought the same stock on 2/11/22.
>
> Did you really "THEN buy the same stock" on MARCH 11, 2022 maybe?
> --
Ira Smilovitz, EA
Leonia, NJ
Wilson
Mar 19, 2023, 1:25:51 PM3/19/23
to
On 3/19/2023 3:31 AM, D L wrote:
> On Saturday, March 18, 2023 at 10:38:55 AM UTC-7, Wilson wrote:
>> On 3/17/2023 4:20 AM, D L wrote:
>>>
>>> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
>>>
>> Your timeline seems a bit off, wash sale or not.
>> --
> These are the facts. What is your point?
>
You confused the issue when you said 'then.' Back atcha.
> On Saturday, March 18, 2023 at 10:38:55 AM UTC-7, Wilson wrote:
>> On 3/17/2023 4:20 AM, D L wrote:
>>>
>>> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on 2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
>>>
>> Your timeline seems a bit off, wash sale or not.
>> --
> These are the facts. What is your point?
>
Stuart O. Bronstein
Mar 19, 2023, 2:05:55 PM3/19/23
to
Wilson <now...@nearyou.com> wrote:
> D L wrote:
sale at a loss.
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Stu
http://DownToEarthLawyer.com
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> D L wrote:
>> Wilson wrote:
>>> D L wrote:
>>>>
>>>> I sold a stock on 3/8/2022 at a very slight profit. Then, I
>>>> bought the same stock on 2/11/2022 at a slightly lower price.
>>>> The stock is now trading lower than the purchase price on
>>>> 2/11/2022. Does the wash sale rule apply here. I have read that
>>>> if the first transaction had a loss, then the wash sale rule
>>>> applies. But, it was not. Thanks.
>>>>
>>> Your timeline seems a bit off, wash sale or not.
>>> --
>> These are the facts. What is your point?
>>
> You confused the issue when you said 'then.' Back atcha.
But in a way the dates are irrelevant. There's no wash sale without a
>>> D L wrote:
>>>>
>>>> I sold a stock on 3/8/2022 at a very slight profit. Then, I
>>>> bought the same stock on 2/11/2022 at a slightly lower price.
>>>> The stock is now trading lower than the purchase price on
>>>> 2/11/2022. Does the wash sale rule apply here. I have read that
>>>> if the first transaction had a loss, then the wash sale rule
>>>> applies. But, it was not. Thanks.
>>>>
>>> Your timeline seems a bit off, wash sale or not.
>>> --
>> These are the facts. What is your point?
>>
> You confused the issue when you said 'then.' Back atcha.
sale at a loss.
--
Stu
http://DownToEarthLawyer.com
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John Levine
Mar 19, 2023, 5:01:15 PM3/19/23
to
It appears that Taxed and Spent <nospam...@nonospam.com> said:
>On 3/19/2023 12:31 AM, D L wrote:
>> On Saturday, March 18, 2023 at 10:38:55 AM UTC-7, Wilson wrote:
>>> On 3/17/2023 4:20 AM, D L wrote:
>>>>
>>>> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on
>2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
>
>On 3/19/2023 12:31 AM, D L wrote:
>> On Saturday, March 18, 2023 at 10:38:55 AM UTC-7, Wilson wrote:
>>> On 3/17/2023 4:20 AM, D L wrote:
>>>>
>>>> I sold a stock on 3/8/2022 at a very slight profit. Then, I bought the same stock on 2/11/2022 at a slightly lower price. The stock is now trading lower than the purchase price on
>2/11/2022. Does the wash sale rule apply here. I have read that if the first transaction had a loss, then the wash sale rule applies. But, it was not. Thanks.
>
>I saw that too:
>
>You sold a stock on 3/8/22.
>
>THEN you bought the same stock on 2/11/22.
>
>Did you really "THEN buy the same stock" on MARCH 11, 2022 maybe?
He sold it on August 3, then bought it back on November 2. Sheesh.
>
>You sold a stock on 3/8/22.
>
>THEN you bought the same stock on 2/11/22.
>
>Did you really "THEN buy the same stock" on MARCH 11, 2022 maybe?
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