Friday, December 15, 2017 10:34:15 AM
I buy security X at $6 per share, and sell it for $5 per share...a $1 loss. I then purchase a new position in security X for $4.50 per share. I opened the new position within 30 days of my sake so the wash rule applies. My $1 loss is added to my $4.50 shares, for a cost basis of $5.50 per share.
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