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I"m writing about the 'wash sale' rule and how it applies to
Hello I"m writing about the 'wash sale' rule and how it applies to frequent trading of options. If someone 'buys' a 400 Call on the SPX that expires this week and losses 100$. Then, next week buys a 3… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
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Question about Wash Sales: a stock I hold redomesticated in
Question about Wash Sales: a stock I hold redomesticated in 2020 (Caymans to US). I had a capital loss when the offshore stock was sold, but the shares were replaced by stock in the new corporation. M… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
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Can I sell 30 shares and take the money and buy 30 shares
Can I sell 30 shares and take the money and buy 30 shares back at a higher rate. The stock is growing really good … read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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A tax question related to stock sales: if you sell a stock
a tax question related to stock sales:if you sell a stock and then within 45 days purchase (reinvest) in a different stock, do you have to claim the capital gain/loss from the sale or can that capital… read more
Lev
Lev
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Bachelor's Degree Equivalent
41,360 satisfied customers
I am an active stock trader, with over 100,000 stock
I am an active stock trader, with over 100,000 stock transactions in 2018, trading just about everyday. I'm confident that I qualify for Trader Tax Status, but I, unfortunately, was disabled and not a… read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
9,582 satisfied customers
If I own 2,000 shares of a stock with an unrealized term
If I own 2,000 shares of a stock with an unrealized long term loss, Can I buy 3,000 shares today, and the next trading day sell the 2,000 shares and report a long term loss for 2018, using the " … read more
Lev
Lev
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I live in WA and am looking to possibly move to California
I live in WA and am looking to possibly move to California in February 2019. I have shares of stock from a prior company (in WA) that I'd like to sell, and am worried about capital gains implications … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,549 satisfied customers
I had a wash sale on a MLP. Are they handled any different
I had a wash sale on a MLP. Are they handled any different in tax returns vs common stock? I.e. submitting ordinary income and different basis than on the broker 1099-B?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
A WASH-SALE MESS) Here is my sad story I bought 1,000 shares
A WASH-SALE MESS)Hello,Here is my sad storyI bought 1,000 shares of GPRO on 11/03/17 for about $9.30.I gave up hope and sold 14,000 shares (all were long and all with losses) of GPRO on 11/13/17 for $… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
A taxpayer received two 1099-'s from two different
A taxpayer received two 1099-B's from two different brokerage firms:One reports like this: Brokerage firm 1.Proceeds (column A Cost Basis (column B) Adjustments wash sales( Col C) Gain or loss(Col D) … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
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I have a -term capital gain on a sale of real estate of
I have a long-term capital gain on a sale of real estate of $900k this year. I have a stock I have held for several years that is more than $900k down. (1)Can I sell this stock and offset the long ter… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
8,761 satisfied customers
Team, I am currently work on my 2014 taxes. I have losses
Team, I am currently work on my 2014 taxes. I have losses and gain from selling stocks. If I have a loss do I list it as collectible, wash or money deductible? If I have a gain do I list it as collect… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
6,549 satisfied customers
I have a $15k loss in a municipal closed in fund (MUI). I
I have a $15k loss in a municipal closed in fund (MUI). I was thinking about selling it and immediately buying a similar fund. However, I remember there is or at least was a 30 day wait rule concernin… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
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Are short term stock losses deductible for tax purposes on
Are short term stock losses deductible for tax purposes on trades where a wash sale exists? In other words are short term losses nulified where a wash sale schedule comes into play?… read more
Stephanie B.
Stephanie B.
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Master's Degree
556 satisfied customers
This is a question regarding the wash sale law. My tax preparer
This is a question regarding the wash sale law. My tax preparer marks almost all the largest losses from our stock sales as wash sale and exclude them from short term capital loss deductions. I asked … read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,603 satisfied customers
my online broker says the IRS doesnt require them to report
my online broker says the IRS doesn't require them to report any options trades. However, there are strange IRS rules about "wash sales" that may or may not apply to trading option spreads. What trade… read more
RD
RD
Self Employed
Master's Degree
1,129 satisfied customers
I buy and sell stock from the same company over and over, usually
I buy and sell stock from the same company over and over, usually buying and selling within a few days or weeks of each other. I wonder whether there is any additional tax complication or implication … read more
Mark D
Mark D
Enrolled Agent
Master's Degree
1,338 satisfied customers
I bought Apple stock on 8 different dates in 2005. I ...
I bought Apple stock on 8 different dates in 2005. I also sold Apple stock on 4 different dates in 2005. How do I figure out how to balance the buys and sales when determining my capital gains tax?… read more
Zhicheng Lai
Zhicheng Lai
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