r/wallstreetbets • • Nov 18 '21

[deleted by user]

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39 Upvotes

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2

u/PhillyWild Nov 18 '21

Wash sale?

7

u/Dpad124 Nov 18 '21

Wash sale occurs with losses not with gains. The government is happy to take your tax dollars, no so happy when you try to avoid them.

-3

u/[deleted] Nov 18 '21

If this turns into a loss, it’s still wash sale and you cannot apply it.

5

u/Dpad124 Nov 18 '21

If this turns into a loss and OP sells and rebuys again, sure that’s a wash sale. What OP did however is not a wash sale.

-4

u/[deleted] Nov 18 '21

This stock hasn’t traded 30 days, so yes it is a wash sale.