I'm trying to find out of I screwed myself here: I bought 100 shares of AAPL at 160 and sell it, three months later, at 130 -- a 3,000 loss. But the same day -- don't ask why -- I bought a single stock futures -- 1 Long AAPL, which I later sold at a 500 profit. Do I have a 3,000 short-term loss and a $500 short-term gain. Or not?
"garagecapital" wrote
As long as you don't hold AAPL, there's no wash sale to worry about.
You've sold them all and will account for all gains or losses on one tax return.
If all happenned in the same year, then yes $3000 loss and $500 gain is fine. But technically, the first one is $0 loss (all loss disallowed because of 100 shares but $3000 disallowed loss carried over to next trade), and the next one is $2500 loss ($500 gain but subtract the carried over loss of $3000).
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