The wash rule only applies to losses it is referred to the superficial loss rule and prevents you from claiming a loss on a security that you have repurchased within 31 days. Referring to your example, no it will not effect your adjusted cost basis.
Monday, November 30, 2009
How does the Wash Rule apply to gains in Canada?
If I sell Stock A on July 10 at a gain, then the share price goes down 2 weeks later and I want to buy back into the shares. Will my cost basis of my new purchase of the same shares be affected because of my recent sale of shares?How does the Wash Rule apply to gains in Canada?
The wash rule only applies to losses it is referred to the superficial loss rule and prevents you from claiming a loss on a security that you have repurchased within 31 days. Referring to your example, no it will not effect your adjusted cost basis.mortgage rate
The wash rule only applies to losses it is referred to the superficial loss rule and prevents you from claiming a loss on a security that you have repurchased within 31 days. Referring to your example, no it will not effect your adjusted cost basis.
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