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WallStreetSTTA

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WallStreetSTTA

Re: Whos_Who post# 2189

Tuesday, 01/08/2019 12:36:12 PM

Tuesday, January 08, 2019 12:36:12 PM

Post# of 3061
Question on FIFO AND LIFO

Let's say you bought 100 shares of BPMX @.20 the PPS falls to.09 you decided to average down so you buy 50 shares @ .09 in the same account. your overage is now around .18 but you're still in the red. The PPS spike to .12 and you decided to flip the 50 shares for that .03 profit...that would be LIFO? CORRECT. my question is? ain't that a wash sale?

TIA.
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