- Apr 4, 2008
- 74,957
- 24,368
talk to an accountant b. i think you need to wait 90 days but i dont know. that's why we have accountants.
OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER
- Thread in 'General' Thread starter Started by johnnyredstorm,
- Start date
- Mar 10, 2013
- 9,025
- 8,119
Found it. Wash sale rule:
[h3]Wash Sales[/h3]
Under the wash sale rules, if you sell stock for a loss and buy it back within the 30-day period before or after the loss-sale date, the loss cannot be immediately claimed for tax purposes.
Example: Larry Laundry buys 500 shares of ABC Corp. for $10,000 and sells them on June 5 for $3,000. On June 30, he buys 500 shares of ABC for $3,200. Since the stock was "repurchased" within 30 days of loss-sale date, the wash sale rules apply. Larry can't claim his $7,000 loss. Instead, he must adjust his basis in the repurchased shares. His basis in his "new" 500 shares is $10,200 -- the actual cost, plus the $7,000 disallowed loss.
F it. I'm holding this. My average purchase price in my other account is $72 so I'm in good shape. I really think AAPL is super solid so I have no problem with it being my biggest position, by a lot. CMI and NKE are 2 and 3.
[h3]Wash Sales[/h3]
Under the wash sale rules, if you sell stock for a loss and buy it back within the 30-day period before or after the loss-sale date, the loss cannot be immediately claimed for tax purposes.
Example: Larry Laundry buys 500 shares of ABC Corp. for $10,000 and sells them on June 5 for $3,000. On June 30, he buys 500 shares of ABC for $3,200. Since the stock was "repurchased" within 30 days of loss-sale date, the wash sale rules apply. Larry can't claim his $7,000 loss. Instead, he must adjust his basis in the repurchased shares. His basis in his "new" 500 shares is $10,200 -- the actual cost, plus the $7,000 disallowed loss.
F it. I'm holding this. My average purchase price in my other account is $72 so I'm in good shape. I really think AAPL is super solid so I have no problem with it being my biggest position, by a lot. CMI and NKE are 2 and 3.
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bravelude
Banned
- Dec 29, 2013
- 7,573
- 1,115
called a wash sale. in ur situation, the loss.might not be avail for u to claim. its the sole purpose this rule came into effect. IRS outt o tax u and use funds to finance welfare and bailouts.
fyi i was joking bout booking losses and averaging down.
i.dont care bkut tax cuz its out there to pillage wealth. i care about real dollars. im out to pay cap gain tax, not write off 3K for da rest of.mai lyfe.
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- Apr 4, 2008
- 74,957
- 24,368
- Apr 30, 2011
- 10,915
- 2,735
First TWTR, then YELP, now LNKD :x :x :x
- Apr 30, 2011
- 10,915
- 2,735
When we looking for a bounce back?
Daily
Weekly
Daily
Weekly
bravelude
Banned
- Dec 29, 2013
- 7,573
- 1,115
no.bounce
- Apr 4, 2008
- 74,957
- 24,368
30.41 is the bottom of value for the year. that's where i'm looking to get long.
- Jun 11, 2014
- 6,846
- 5,940
Any of yall looking at the Bojangles IPO next week? Might save for long
- Apr 4, 2008
- 74,957
- 24,368
food sector is one of my least favorite. right up there with financials and automobiles. just down care about those 3 to trade.
- Apr 30, 2011
- 10,915
- 2,735
- Apr 30, 2011
- 10,915
- 2,735
It's happening [emoji]128561[/emoji]
- Mar 10, 2013
- 9,025
- 8,119
Well, at least we know they won't be adjusting rates, which per Buffett, means stocks are still undervalued.
- Apr 4, 2008
- 74,957
- 24,368
bottom of value for the month in SPY is 207.70 could be a decent long entry if that area holds with a stop just below it.
rocky437
Banned
- Sep 17, 2008
- 1,297
- 82
CNBC got me thinking about going long Walt Disney..
- Apr 4, 2008
- 74,957
- 24,368
hoping TSLA sells off huge. this powerwall makes me wanna be long for the haul.
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- Apr 30, 2011
- 10,915
- 2,735
Pls no.
- Apr 4, 2008
- 74,957
- 24,368
forgot you have a position 
i really like the long term prospects of this one. that powerwall has so much potential.
i really like the long term prospects of this one. that powerwall has so much potential.
- Jan 20, 2002
- 54,351
- 31,916
been thinking about this stock since it was at 80, finally pulled the trigger at 107
dont think it was gonna drop
on of these stocks that i am just gonna hold
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- Dec 23, 2009
- 30,363
- 21,941
x2
Wouldn't mind it too much tho, would just buy more.
Also waiting for a dip from Disney before I enter back into a position there.
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- Apr 30, 2011
- 10,915
- 2,735
RIP GMCR
- Apr 30, 2011
- 10,915
- 2,735
Can't wait to hear more about the Model 3.
- Dec 23, 2009
- 30,363
- 21,941
Tesla 
- Apr 30, 2011
- 10,915
- 2,735
Interesting TSLA opened up at 220....in the green now to 233.
- Apr 30, 2011
- 10,915
- 2,735
