TLH

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Topic Author
Detroittl
Posts: 98
Joined: Wed Jun 10, 2015 12:12 am

TLH

Post by Detroittl »

If you sold an equity on April 11th 2016 when can you rebuy it and avoid a wash sale?
mcraepat9
Posts: 1636
Joined: Thu Jul 16, 2015 11:46 am

Re: TLH

Post by mcraepat9 »

If you sold it at a loss and want to buy it back (or any other "substantially identical" security), to avoid a wash sale you would need to wait 31 days after 4/11/16.
Amateur investors are not cool-headed logicians.
livesoft
Posts: 75914
Joined: Thu Mar 01, 2007 8:00 pm

Re: TLH

Post by livesoft »

It depends on whether you sold it for a loss or not.
http://www.timeanddate.com/date/dateadd ... ad=31&rec=
April 11 is day 0.
April 12 is day 1.
...
You can buy it AFTER 30 days. You cannot buy ON day 30.
Last edited by livesoft on Fri May 13, 2016 10:30 am, edited 1 time in total.
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Topic Author
Detroittl
Posts: 98
Joined: Wed Jun 10, 2015 12:12 am

Re: TLH

Post by Detroittl »

So you can buy on the 31st day?
mcraepat9
Posts: 1636
Joined: Thu Jul 16, 2015 11:46 am

Re: TLH

Post by mcraepat9 »

Yes you can buy on day 31
Amateur investors are not cool-headed logicians.
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