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Mac37
May 13, 2021
Question

Sold a position in a stock and reinvested the entire proceeds back into the same stock on the same day. How is this reported

  • May 13, 2021
  • 1 reply
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    ErnieS0
    May 14, 2021

    Your broker will report the sale to the IRS. The proceeds will be the cost basis of the reinvested stock. If you sold at a loss, then you will have a wash sale and you will not be able to claim a loss.

     

    See Wash-Sale Rule

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