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Are wash sales per account or per owner?




If I have an Etrade account and an Ameritrade account and I sell 100 GE on 11-22-10 in E-trade and buy 100 GE on 11-23 in Ameritrade - is that a wash sale?

If so - then I would need to combine all transactions into one place to calculate wash sales?

Thanks




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Are wash sales per account or per owner?

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Nov 28, 2010
 Stocks Simplified Writes
by: Shaun

Yup that would be a wash sale. It is against the law for an individual to sell a security that they have a loss on then re-buy it real fast and claim it as a loss.

There is something called the IRS 30 day wash rule which says if you sell a stock for a loss and re-buy it in any account within 30 days you cannot write it off as a loss

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