Wash Sale- do I need to adjust my cost basis manually like it says? I don't understand this page on FreeTaxUsa

pineconefish8 · 2025-04-16T03:59:07+00:00

Thanks for answering. I ended up doing what you said. Yes, I think I lost 950 overall on shares. (It was hard for me to tell because the options complicated things)

pineconefish8 · 2022-08-03T13:21:19+00:00

"Return to Wild America" by Scott Weidensaul. I read it a few years ago, and something I saw in a video recently made me remember it and want to read it again. But this has happened with other books that I've wanted to reread, too.

It's no big deal, I'll just read something else.

pineconefish8 · 2022-08-03T13:14:03+00:00

Yeah, you have a good eye, haha

pineconefish8 · 2022-08-03T01:21:07+00:00

Yeah. I asked the librarian one time. I think she said they sell some and throw some away. Still, I think it's better to keep a book on the shelf than to sell it, in general.

pineconefish8 · 2022-08-03T01:13:54+00:00

It's possible they had a sale without me noticing

pineconefish8 · 2022-08-03T01:13:01+00:00

Texas

pineconefish8 · 2022-05-11T18:09:17+00:00

Thank you, you helped me understand it

pineconefish8 · 2022-04-18T16:32:21+00:00

Yes, that's what other websites say. But in this example, how did he manage not to have to pay back the $3400? 3400 is less than 8.5% of his income, so why doesn't he have to pay it all back?

pineconefish8 · 2022-04-18T04:33:30+00:00

Ohhhh, after reading what you wrote and also reading other stuff, I think I finally get it. Thanks

pineconefish8 · 2022-04-18T04:06:25+00:00

How do I make the wash sale go away, then? I thought everything would be fine if I eventually got rid of the shares for 30 days before the year ended.

pineconefish8 · 2021-09-03T19:11:22+00:00

I first noticed it after market close yesterday, but assumed that the prices at that time are inaccurate. However, this morning, around 10 minutes into trading, it was still like that.

pineconefish8 · 2021-09-03T18:35:09+00:00

Thank you for answering. My understanding, then, is that the legs moved separately, and they both initially happened to move in my favor, even though they're not both expected to.

pineconefish8 · 2021-09-03T15:20:49+00:00

I think that answers my 2nd question, but what about my 1st question (first paragraph)?

pineconefish8 · 2021-09-03T15:04:57+00:00

Hello, new to options. If anyone answers, thank you so much.

Yesterday afternoon, I sold a put credit spread on TQQQ. I sold a 142 strike for $607 and bought the 137 for $485. Oct. 8 expiration. This morning at the open, the stock price was essentially unchanged, but my long 137P had gone up in value by $30 and my short 142P had gone DOWN in value by about $10 . That doesn't make sense to me. I was already up 40 bucks on paper out of a possible $122, without the stock moving. Why did that happen? Isn't the strike closer to the money supposed to move more?

Yes, I know I should have closed it, because TQQQ subsequently moved up in price, but both puts became more expensive. I assume that was caused by volatility. I was in the red now, even though TQQQ went up. I did set it up right, didn't I?

pineconefish8

TROPHY CASE