Reply To: Another wash sale question!

Home Fairmark Forum Taxation of Investments Another wash sale question! Reply To: Another wash sale question!

#7343
Kaye Thomas
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Assuming no other transactions, you would be able to claim the entire loss on sale of the second lot of shares. The loss from the first lot is disallowed, but the disallowed loss is added to the basis of the second lot, doubling the loss on that sale from $1,000 to $2,000.

Inverse ETFs would not be considered substantially identical.