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Question on wash rule
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    Thread: Question on wash rule

    1. #1
      Inactive Member Shuff's Avatar
      Join Date
      Apr 2011

      Question on wash rule

      never mind, found answer, please delete-thanks
      Last edited by Shuff; 02-06-2012 at 03:50 PM.

    2. #2
      Superfeeed's Avatar
      Join Date
      Feb 2011
      Martha's Vineyard

      This looks good for finding some help.

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      Great minds discuss ideas; average minds discuss events; small minds discuss people.

      Eleanor Roosevelt

    3. #3
      Troll Capt_Smith77's Avatar
      Join Date
      Feb 2011
      If you sell at a loss, then it doesn't matter the number of shares when you buy back, as it's still considered a short sale. Also, and this is VERY important.... Say that you buy shares @ .20, .15, and .08. Your cost average is around .12, so you sell when it hits .14. You end up buying back shares within the 30 day period when it drops back down to .12, but you end up with a wash sale because a portion of your original shares were purchased above the selling price.

      This happened to me before. I always thought that the wash sale was based on cost average, but it's NOT!

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