L
laszlegal
Guest
Hello,
I traded activley this year and had a question regading wash sales. It is my understanding that you can add the loss from a wash sale to the cost basis of the next stock (as long as it is the same stock) that you purchased after you took the loss.
Now I hope this makes sense... If I took a loss on a sale, then made several trades after it for smaller profits, can I add the loss to each consectutive trade afterwards until the trade turns profitable?
As an example...a series of trades that once looked like this:
1000 shares of xxx -100
1000 shares of xxx +50
1000 shares of xxx +75
would instead look like this:
1000 shares of xxx -100
1000 shares of xxx -50 (added 100 loss to cost)
1000 shares of xxx +25 (added 40 loss to cost)
Thanks in advance...
I traded activley this year and had a question regading wash sales. It is my understanding that you can add the loss from a wash sale to the cost basis of the next stock (as long as it is the same stock) that you purchased after you took the loss.
Now I hope this makes sense... If I took a loss on a sale, then made several trades after it for smaller profits, can I add the loss to each consectutive trade afterwards until the trade turns profitable?
As an example...a series of trades that once looked like this:
1000 shares of xxx -100
1000 shares of xxx +50
1000 shares of xxx +75
would instead look like this:
1000 shares of xxx -100
1000 shares of xxx -50 (added 100 loss to cost)
1000 shares of xxx +25 (added 40 loss to cost)
Thanks in advance...