Wash Sale Question

Discussion in 'Trading' started by sophiekay, Aug 22, 2008.

  1. If a trader sells a stock at a profit, then re-enters that stock a week later and sells at a loss.

    Can he claim the loss OR is it a Wash Sale?
  2. Surdo


    It does not sound like a "wash sale" to me, generally a "wash sale" is the repurchase of a stock after you took a loss.

    This is the opposite, if you are paying tax on the gain, then the loss should be deductible.

  3. Thank you kindly, Surdo!