All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

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Trusted Pioneer
Posts: 6
Registered: ‎05-09-2015

Can a loss on a cash-in-lieu for fractional share trigger a wash sale?

[ Edited ]

This hasn't happened to be before, but I'm just wondering:

 

Imagine you own some stock that underwent a merger/spinoff/split and you received a cash-in-lieu for fractional shares. Lets assume you calculated the basis for this fraction, and it's higher than the CIL, so the CIL is technically a loss.

 

If you buy new shares within the wash period centering around the CIL, was the CIL a wash sale?