Investing

Wash sale for selling/buying stocks listed in two markets

  • Last Updated:
  • Mar 20th, 2021 9:15 pm
[OP]
Newbie
Jan 12, 2021
24 posts
3 upvotes

Wash sale for selling/buying stocks listed in two markets

For example, Alibaba is listed in both US and Hong Kong.
If I sell Alibaba stocks at loss in US market, can I immediately buy its stock at HK market and not violate wash sale?

Thanks.
3 replies
Deal Addict
Sep 2, 2009
2149 posts
2149 upvotes
Ottawa
"...buys another one that is substantially similar."

It is the same thing except in different currency = wash sale.
[OP]
Newbie
Jan 12, 2021
24 posts
3 upvotes
cloak wrote: "...buys another one that is substantially similar."

It is the same thing except in different currency = wash sale.
make sense...thanks.
Sr. Member
May 2, 2019
652 posts
858 upvotes
Vancouver
dijkstrabfs3 wrote: If I sell Alibaba stocks at loss in US market, can I immediately buy its stock at HK market and not violate wash sale?
Are you a Canadian tax resident? There is no wash sale rule in Canada, that's a US thing. There is a superficial loss rule, which is more or less the same. And yes, your example would be a superficial loss.

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