Recent content by lauralb

I understand your point, thank you for the explanation. Does that mean in the scenario provided, that the loss will not be added to the basis of the second 1000 shares bought on the same day at $4.50? So it means that the wash sale does not apply? Is this because both batches were bought on the...

Bolimomo, now I think I got confused. Can you please define wash trade? To answer your question, the sale of new and old shares were from the same broker. Telozo, thank you for your info.

Sorry for the misinformation. I did some research on the internet where I came across an article that mentioned about separate purchases and my example falls under this one. In this scenario the IRS will content that the wash sale rule will apply in this situation.

Occam, thank you for the reply. The link submitted is not available, can you repost it? Bolimomo, The first 1000 shares have been replacement by the second 1000 shares

Hi, If there is anyone with proper knowledge regarding the wash sales rules which apply to schedule D I would really appreciate your help. I received my schedule D from 2 sources and the wash sale rule was applied differently therefore I decided to take the time to do some research and get...

Hello, I have tried to place an order using 3 and 4 decimals but was not executed. Is this possible or not? Thank you for your conssideration to my post. Laura

Thank you very much for your consideration to my post.

There is anyone who took John Carter’ mentorship program online? The program is only 3 days and the daily charge is up to $3,500.00 for non members. I have read his book and found some of his methods interesting. I do believe that sitting next to a trader is one of the most valuable lessons...

Hello everyone, There is anyone who took John Carter’ mentorship program online? The program is only 3 days and the daily charge is up to $3,500.00 for non members. I have read his book and found some of his methods interesting. I do believe that sitting next to a trader is one of the...