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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
1,607 satisfied customers
When did the wash sale rule first start? how do counter the
when did the wash sale rule first start? how do counter the effect of the wash sale rule? does it only apply to taking a loss? what other vehicles do traders use that do not have the wash sale rule ap… read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
1,077 satisfied customers
Question on tax on trading profits I have started trading in
Question on tax on trading profitsI have started trading in ETFs and Emini futures. What are the tax implications of profits and losses?Also, what kind of documentation should I maintain?… read more
Gerald, Esq
Gerald, Esq
Juris Doctor
722 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
44,444 satisfied customers
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
9,340 satisfied customers
Question 1)I sold a normal stock yesterday, through
Hello, question 1) I sold a normal stock yesterday, through my regular stock trading account. today its price fell again and i want to buy it again can i do it? if so does it make a difference if i bu… read more
Lev
Lev
44,444 satisfied customers
Please clarify the definition of a "Wash Sale for me. For
Please clarify the definition of a "Wash Sale for me. For example, if I closed a stock option (a Call) at a loss and immediately purchased a Put option on the same underlying instrument and within a w… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
22,699 satisfied customers
For my 2012 taxes, my question involves only the treatment
For my 2012 taxes, my question involves only the treatment of a speculative stock options account: 3/8/12 - Opening balance $100,000 8/5/12 - Highest balance the account reached: $199,864 12/31/12 - E… read more
Lev
Lev
44,444 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.
Senior Tax Advisor 4
Vocational, Technical or Trade School
24,361 satisfied customers
Please advise the details of the 30 day "wash rule" pertaining
Please advise the details of the 30 day "wash rule" pertaining to stocks. Can I purchase another stock in the same sector to mirror my coverage and not be in violation to the rule?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
24,361 satisfied customers
I am doing a little day trading and need some help regarding
I am doing a little day trading and need some help regarding short term capital gains. There are 2 situations, I held stock from a company and after 3 months , sold it with a gain and then bought some… read more
Lev
Lev
44,444 satisfied customers
How does one recover the amount of a disallowed loss? As
How does one recover the amount of a disallowed loss? As I understand it, if shares are repurchased, we can add the amount of the disallowed loss to the cost basis of the new shares. But what if no ne… read more
Lev
Lev
44,444 satisfied customers
This year I have made hundreds of transactions that consisted
This year I have made hundreds of transactions that consisted of buying and selling apple call options. I have a number of wash sales as a result. I have read that as long as I close out ALL my Apple … read more
Anne
Anne
Master Tax Preparer
2,601 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
In past years I had a leveraged account with monex trading
In past years I had a leveraged account with monex trading silver and gold. I am not a trader but a investor. I sustained heavy losses in multiple tax years and i am told i cannot claim the $3000 dedu… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 satisfied customers
Tax issues about selling at a loss I have 1000 shares of
Tax issues about selling at a loss: I have 1000 shares of xyz stock with an average price of $150. I would like to start day trading additional shares, but do not want to hold long over 1000 shares at… read more
MequonCPA
MequonCPA
CPA Firm Owner
Master's Degree
2,290 satisfied customers
I hired a registered investment advisory firm to make ...
I hired a registered investment advisory firm to make trades on my behalf in both taxable and non-taxable accounts. I do not have any trading authority in either account. They buy and sell the same st… read more
jgordosea
jgordosea
Enrolled Agent
Bachelor's Degree
2,885 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
Master Degree
426 satisfied customers
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