Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

«
»

Wash Sales

Posted by taxguru on March 9, 2006

Q:

Subject: Wash sale question
 
I had a question for you regarding wash sales.  If you make money on a stock sale but lost money on a call or put option for the same security within a 30 day period, does that qualify as a wash or can you count the loss since one is a stock and the other is an option.

Thanks,

A:

If the option is for the same security as you had, the wash sale rules do apply in the same manner as if you were dealing with actual shares on both ends.

Kerry Kerstetter

 

This entry was posted on March 9, 2006 at 11:58 AM and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Sorry, the comment form is closed at this time.

«
»