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I bought stock A on October 1. I sold stock A on December 1 for a small profit. I bought stock A on December 7 planning to hold for a while but decided it was not a good idea and sold Stock A on December 10 for a small loss and don't plan on buying stock A again. Is the December 10 sale of Stock A a wash sale?

Dheer
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user24026
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1 Answers1

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Yes. On December 10, you have a wash sale. As long as you don't buy the stock back for 30 days after that, the wash is of no consequence. In other words, you don't have a wash issue if you don't own the stock for 30 days.

JoeTaxpayer
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