Query. Here is an example
I have 200,000 zzz shares at 35 cents. They are now trading at 15 cents. Major bummer actually.
Could I purchase say for example 200,000 share at 15 cents today, and one month later sell my first in first out shares for a loss, and claim on this? I end up with the same share quantity at a lower average. I don't want to sell, just claim on the loss.
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- Wash Sale ATO rule for FY 2020 2021
Wash Sale ATO rule for FY 2020 2021, page-8
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