Answer by Bob Baerker for Do IRS wash sale rules apply to gains as well as...
You asked:Do IRS wash sale rules apply to gains as well as losses?You answered your own question with:A wash sale occurs when you sell or trade securities at a loss and within 30 days before or after...
View ArticleAnswer by yoozer8 for Do IRS wash sale rules apply to gains as well as losses?
The wash sale rule says that a loss that would otherwise be deductible is not deductible if you buy the same security within 30 days of the sale (either before or after). It does not mention, or apply,...
View ArticleDo IRS wash sale rules apply to gains as well as losses?
Consider the following two situations:Situation 15/1/2018 -- buy 10 shares XYZ at $1005/1/2020 -- sell 10 shares XYZ at $50 (and claim a long-term capital loss of $50/share)5/15/2020 -- buy 10 shares...
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