If I buy a stock on the 24th of the month, when does the 30 days starts -- 24th? or 25th?
And I assume the 30-day is on a calendar basis and includes holidays and weekends?
TIA
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ira smilovitz <ira.sm...@gmail.com> wrote:
Not A Clue wrote:
If I buy a stock on the 24th of the month, when does the 30 days
starts -- 24th? or 25th?
And I assume the 30-day is on a calendar basis and includes
holidays and weekends?
I'm not sure why you care about 30 days from the purchase. If youBut it's "within" 30 days, not less than 30 days after the sale. So if
are concerned about a wash sale, you need to count 30 days (before
and after) from the sale date. The sale date itself does not get
included and the purchase of the replacement shares must be more
than 30 days from the sale date.
the date of sale was less than 30 days after the date of purchase, the
rule might also apply.
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Stu
http://DownToEarthLawyer.com
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Not A Clue wrote:
If I buy a stock on the 24th of the month, when does the 30 days
starts -- 24th? or 25th?
And I assume the 30-day is on a calendar basis and includes
holidays and weekends?
I'm not sure why you care about 30 days from the purchase. If you
are concerned about a wash sale, you need to count 30 days (before
and after) from the sale date. The sale date itself does not get
included and the purchase of the replacement shares must be more
than 30 days from the sale date.
On Tuesday, December 21, 2021 at 12:28:16 PM UTC-5, Stuart O. Bronstein wrote:within the 30 day window before and after the sale date. So the purchase date in the original post is irrelevant to the question asked.
ira smilovitz <ira.sm...@gmail.com> wrote:
Not A Clue wrote:
If I buy a stock on the 24th of the month, when does the 30 days
starts -- 24th? or 25th?
And I assume the 30-day is on a calendar basis and includes
holidays and weekends?
I'm not sure why you care about 30 days from the purchase. If youBut it's "within" 30 days, not less than 30 days after the sale. So if
are concerned about a wash sale, you need to count 30 days (before
and after) from the sale date. The sale date itself does not get
included and the purchase of the replacement shares must be more
than 30 days from the sale date.
the date of sale was less than 30 days after the date of purchase, the
rule might also apply.
--Not really, at least not the way you've written it. Wash sales deal with replacement shares. If you buy a stock and sell the same shares within 30 days, you don't have a wash sale *unless* the sale generated a loss *and* you purchase replacement shares
Stu
http://DownToEarthLawyer.com
--
And, to answer a question from the original question that was overlooked, it's 30 calendar days, not trading days.
Ira Smilovitz, EA
Leonia, NJ
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On Tuesday, December 21, 2021 at 1:03:42 PM UTC-5, ira.sm...@gmail.com wrote:shares within the 30 day window before and after the sale date. So the purchase date in the original post is irrelevant to the question asked.
On Tuesday, December 21, 2021 at 12:28:16 PM UTC-5, Stuart O. Bronstein wrote:
ira smilovitz <ira.sm...@gmail.com> wrote:
Not A Clue wrote:
If I buy a stock on the 24th of the month, when does the 30 days
starts -- 24th? or 25th?
And I assume the 30-day is on a calendar basis and includes
holidays and weekends?
I'm not sure why you care about 30 days from the purchase. If youBut it's "within" 30 days, not less than 30 days after the sale. So if the date of sale was less than 30 days after the date of purchase, the rule might also apply.
are concerned about a wash sale, you need to count 30 days (before
and after) from the sale date. The sale date itself does not get included and the purchase of the replacement shares must be more
than 30 days from the sale date.
--Not really, at least not the way you've written it. Wash sales deal with replacement shares. If you buy a stock and sell the same shares within 30 days, you don't have a wash sale *unless* the sale generated a loss *and* you purchase replacement
Stu
http://DownToEarthLawyer.com
--
position in stock xyz itself, just the last reinvestment. If I sell [the reinvestment] right after the dividend reinvestment, I would trigger the wash-sale rule. Hence the question: what is the soonest I can sell the reinvestment without triggering theAnd, to answer a question from the original question that was overlooked, it's 30 calendar days, not trading days.Let me rephrase. Long story short, the purchase is an unintended dividend reinvestment of stock xyz; and have a loss on the reinvestment and I have no intention to add to my position in stock xyz if I sell the reinvestment. And I am not selling my
Ira Smilovitz, EA
Leonia, NJ
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The dividend reinvestment was on Nov 24th. 30 days from that date would be Dec 24th. And I can sell on Dec 24th? 25th? -- assuming they are not holidays.
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