Why my statement show a wash sale even I sell at a profit and rebuy the same stock?

Discussion in 'Prop Firms' started by miyo, Mar 22, 2011.

  1. miyo


    I purchase 200 shares of stocks from March 2008 to May 2009, and its basis is nearly 40,000 for the 200 shars, and I sold all of these in March 16 2010 for 45,000, having a gain of 5,000. Then I bought it back in the same day,but my broker is showing that it is a wash sale, that really confused me, I used FIFO, and sold it at a gain of 5000, which is not a loss, why does it trigger a wash sale when rebuying the same stocks after sold at a gain ?

    Can anyone shed some light on this? Thanks in advance.
  2. morgen


    First, you should check once more your transactions again to find out if there is some transactions which sold at a loss and bought the same stocks within 30 days.
    If not, there is something wrong with the statement, just call your broker to tell the mistakes..
    I like to download my transaction data from the broker and import to my tradeMax software to calculate, ananylze and track the performance of the trade, and it really works very well..