Reply To: If long term gain is more than short term loss

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#1401
thales
Participant

Hi, thanks.I’m talking about an ETF that had been first bought in 2016, then added through 2016-2018 while the price continued going up. So when I sold it recently, it’s a net gain of (say) $1000, but since the price was lower earlier, when separating the long term and short term in the Form 8949 Box A (short term) and Box D (long term), it’s broken up as a Loss in Box A (say $2000) and a Gain in Box D (say $3000). (Of course it’s not the only fund listed in the Form 8949, the total result is also a net gain, but long term is a collective gain while short term is a collective loss, just like this ETF itself).

My question is, if I boy this ETF back within 30 days of the sale, will it be subject to the wash sale rule so that that $2000 short term loss can not be claimed? Or is there no possible wash sale because the net was a gain anyway?

Below is what the transactions are like:

Date….Price # of Shares $amount
12/1/16 61.75 40 2477.00
12/8/16 59.60 40 2391.00
12/9/16 59.00 15 885.00
1/25/17 62.40 15 936.00
3/31/17 69.47 40 2778.80
2/12/18 88.80 30 2668.95
2/23/18 91.60 30 2752.95
4/2/18 83.80 30 2518.95
4/24/18 86.00 40 3444.95
9/21/18 96.80 30 2908.95
10/4/18 91.60 50 4584.95
10/5/18 90.60 40 3628.95
10/8/18 88.20 40 3532.95
10/9/18 85.50 -440 -37614.51