Is this consider a wash sale??

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Is this consider a wash sale??

I have a broker account and purchased 100 shares of mastercard and sold it on September 10. Now my wife also has a broker account and purchased mastercard on September 15. We will be filing our taxes married and filing joint. Would you consider the above transactions a wash sale??

2007-12-26 09:19:53 · 2 answers · asked by Hownutty 1 in Business & Finance ➔ Personal Finance

2 answers

No, it's not a wash sale, as long as they are separate brokerage accounts

2007-12-26 09:23:02 · answer #1 · answered by jwishz 7 · 0⤊ 1⤋

The 'retired cpa' is confused. If separate brokerage accounts were enough to get around the wash sale rules, the rules would be useless. Separate ownership MAY avoid classifying this as a wash sale. I am not sure how filing a joint return affects the classification.

2007-12-26 09:39:34 · answer #2 · answered by STEVEN F 7 · 0⤊ 1⤋