Is this a wash sales

S

skaranam

Normally I allow the one month period to avoid wash sales. But, somehow, I missed this. Can someone confirm that this is wash sales?

Date Qty. Price
7/12/2005 +100 $31.75
9/13/2005 +25 $40.50
9/13/2005 +25 $40.28
9/22/2005 -100 $39.90 ($815 Profit)
10/24/2005 -50 $34.90 ($274.5 Loss)
10/31/2005 +300 $36.58

I am still long 300 shares. Fox tax purposes, can I claim $274.5 loss. I don't think I can because I didn't wait for 30 days after 10/24/05. Is my assumption correct?
 
Quote from skaranam:

...
10/24/2005 -50 $34.90 ($274.5 Loss)
10/31/2005 +300 $36.58

I am still long 300 shares. Fox tax purposes, can I claim $274.5 loss. I don't think I can because I didn't wait for 30 days after 10/24/05. Is my assumption correct?
More...

no, you need 30 days from sale date, you could have sold 3 put instead.
 
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