Tax Loss Selling Rule?

No, it was just those two trades. First I gained, then I lost big a week later. I didn't buy it again.

 

Then u can deduct the loss, assuming you haven't bot it back within 31 days.

 

Even if you had bot it back within 31 days, u get "credit" for the loss by affecting the cost basis of ur new position.

 

That sounds good. I will feel better next year if I get trader status and use Mark-to-Market accounting with no concern for wash sales. Thanks Tracy.

Street Carp