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Can someone please help explain wash sale in the following examples?
Example #1: What is the amount of realized & recognized gain? What is the basis of the stocks in Transaction B?
Transaction A___100 shares___Purchased 01/01/01 at $22K___Sold 04/01/15 @ $23K
Transaction B___100 shares___Purchased 04/25/15 at $25K
Example #2: What is the amount of realized loss? Do we recognize loss from sale?
01/04/01___Purchased 1 share for $100
03/05/01___Purchased 1 share for $40
03/15/01___1st share sold for $41
Thank you in advance!
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