Is this a wash sales

Discussion in 'Professional Trading' started by skaranam, Feb 12, 2006.

  1. skaranam

    skaranam

    Normally I allow the one month period to avoid wash sales. But, somehow, I missed this. Can someone confirm that this is wash sales?

    Date Qty. Price
    7/12/2005 +100 $31.75
    9/13/2005 +25 $40.50
    9/13/2005 +25 $40.28
    9/22/2005 -100 $39.90 ($815 Profit)
    10/24/2005 -50 $34.90 ($274.5 Loss)
    10/31/2005 +300 $36.58

    I am still long 300 shares. Fox tax purposes, can I claim $274.5 loss. I don't think I can because I didn't wait for 30 days after 10/24/05. Is my assumption correct?
     
  2. nkhoi

    nkhoi

    no, you need 30 days from sale date, you could have sold 3 put instead.
     
  3. pvram68

    pvram68

    Nikhoi

    Why would Put selling have helped? Wash sale rule would apply even for related options, doesn't it?

    -Ram