Friday, March 2, 2018

Wash Sale Question

Hi everyone,

I had a question for the wonderful people of reddit about the ‘wash sale rule’. Since I am a day trader, at times I take a loss on a security (most winning trades thou 😜), but then I buy the same security the same day or a few days apart and take a profit. I read the official IRS wash sale rules several times, but the fine print still isn’t clear enough for me. So my question is, as long as before December 31st I have no open position in a specific security, does the wash sale rule apply to any of the transactions I had in that security during the year?

Thank you in advance all for your feedback!

Best.



Submitted March 01, 2018 at 05:04PM by salentinoDOC http://ift.tt/2F2nXzZ

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