Complicated Wash Sales Question (Wash Sale Rule Question)...?

Answers:0   |   LastUpdateAt:2012-10-23 03:57:49  

Question
TANGIE
Asked at
Assume the following takes place every 30 days in the following order : MedlinePlus MedlinePlus 1. Buy 4 shares of XYZ at $ 10 each for a total of $ 40 , on Jan. 5 . MedlinePlus 2. Buy 2 shares of XYZ at $ 20 each for a total of $ 40 , on January 12 . MedlinePlus 3. Buy 1 share of XYZ at $ 15 on January 14 . MedlinePlus 4. Buy 1 share of XYZ at $ 15 on January 15 . MedlinePlus 5. Sale 4 shares of XYZ for $ 5 each for a total of $ 20 on January 16 . MedlinePlus 6. Sale 2 shares of XYZ for $ 5 each for a total of $ 10 on January 21 . MedlinePlus MedlinePlus Assuming no other trades takes place in the portfolio . Do I claim loss of $ 40 or is it all a wash sale with the remaining 2 shares ( acquired on January 14 and January 15 ) each with a base cost of $ 40 each ? Suppose I do not sell the remaining 2 shares before year-end.
Answers

This Question:"Complicated Wash Sales Question (Wash Sale Rule Question)...?" No answers yet. Be the first!
Related Questions
1
  • Answer This Question:Complicated Wash Sales Question (Wash Sale Rule Question)...?