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r/stocks
Wash sale question
Investor summaryNeutral
Asking if selling a losing stock and rebuying after 31 days avoids the wash sale rule to offset gains from another stock.
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Let’s say I have Stock A which currently is at a loss of -$10k and Stock B which has gains at $10k.
If I sell both Stock A and Stock B my gains for the year will be 0 so I will pay no tax on the gains from Stock B because the losses from Stock A balance it out.
If I wait 31 days from the sale, and then on the 31st day buy back into Stock A, I will still be able to count the losses from my original sale, and now have a new position in Stock A correct?
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