Wash Sale & Selling Vested Stock at Loss

Facebook GE+DaSJW
Nov 17, 2018 11 Comments

So I have stock that vested 3 months ago that I want to sell now for a loss. FB stock hasn't been doing well. Only problem is I had stock that just vested yesterday, so if I sell those previously vested stocks, it will trigger the Wash Sale rule since vesting is considered a buy.

Then the loss would be added to the cost basis of my newly vested stock. If I sell the newly vested stock, there will be no more stock cost basis to add loss to. So can I still claim losses on tax next year? No one at FB is actually able to answer this question with official proof, so maybe you guys are better on finance stuff.


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TOP 11 Comments
  • Intel Endian
    Post on reddit.com/r/investing and reddit.com/r/personalfinance they can walk you through great answers.
    Nov 17, 2018 1
    • Facebook GE+DaSJW
      Cool thanks
      Nov 17, 2018
  • Intel NewChapter
    Based on my info, you will be able to report it on next years given that you do not buy any new FB stocks until end of January. But please follow the reddit recommendation.
    Nov 17, 2018 1
  • Salesforce 2438ez
    If you sell all shares that you have and then don’t acquire any new shares for 30 days, then there won’t be any fallout from wash sales to worry about (all of your capital losses are short term and as you say, there is no new position to increase the cost basis, and it’s the acquisition of new shares within 30 days of selling shares which triggers wash sale rules.) If you’re not selling all the shares which you own then it is more complicated.
    Nov 18, 2018 3
    • eBay CEbi00
      @2438ez acquisition should not happen before or after selling shares in +/- 30 day period . If you sell everything , then yes there is no worry
      Nov 18, 2018
    • OpenText / Eng FB stock
      You CAN acquire before selling some shares:

      Investopedia: “A wash sale is a transaction in which an investor sells a losing security to claim a capital loss, only to repurchase it again (or purchase an identical security) within 30 days of the sale.”

      You just can’t acquire within 30 days AFTER selling.
      Nov 18, 2018
    • eBay CEbi00
      If you read below investopedia link , it says before or after sale .
      Nov 20, 2018
  • OpenText / Eng FB stock
    OP, sell your 3 month old FB shares (via your brokerage’s lot selection feature). KEEP your ~$139 FB shares.

    Edit: Per @ebay’s correction, kindly wait 30 days before selling your shares which have the higher cost basis.
    Nov 18, 2018 0
  • Amazon / Product tpFb66
    Ask a cpa. It won’t be too expensive. Better to spend a couple of bucks to get the right answer.
    Nov 17, 2018 0


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