Hi, Have been thru the ATO , and other sites. My understanding of wash sales , and the 45 day rule , is that you have to have the shares at risk for that time. In the example I have given , which parcel in the above transaction is not ok , and why? The first , has been held for > 45 days , and the 2nd also . I picked 6 months just because the dividends happen to be 6 monthly , but 2 months should be no different. cheers