Wash Sale Rule


Say I buy 100 shares of stock xyz for $100.

Then i sell all 100 shares for $90.

3 Days later i buy stock xyz 100 shares for $90.

I know that i have $1000 in washed losses at this Point. But then i sell again all 100 shares for $89, 2 days later.

I rebuy again all 100 shares same day for $89 and sell all 100 shares for $90 the next day.

Would i trigger the wash sale rule if i rebuy the stock? The last transaction was a gain so i don’t think. Thoughts?


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *