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Wash sale question
Old 09-19-2019, 08:07 AM   #1
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Wash sale question

I recently sold 1200 shares of an ETF which consisted of several lots. All but the most recent lot were sold at a gain, the most recent 200 share lot was at a loss. In the aggregate there was a gain.

If I buy 1000 shares within the 30 day time frame will I avoid the wash sale rule?

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Old 09-19-2019, 08:12 AM   #2
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You’ll have a wash on the shares with a loss.

For future reference you can chose lots to sell in order to be more nimble.

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Old 09-19-2019, 09:29 AM   #3
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Claiming a loss on shares will trigger the wash sale rules, even if other shares had gains. Next time, sell only the gainers if you want to buy more in less than 30 days. Otherwise, just sell the loser and wait 30 days to buy more to take the loss off your taxes. (watch out for reinvested dividends if you still own shares as they can trigger the wash sale rule)
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