Wash sale for selling/buying stocks listed in two markets

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Mar 20th, 2021 9:15 pm

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Mar 18th, 2021 2:44 pm

dijkstrabfs3 [OP]: Newbie; Jan 12, 2021; 24 posts; 3 upvotes

Mar 18th, 2021 2:44 pm

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

Mar 18th, 2021 10:52 pm

cloak: Deal Addict; Sep 2, 2009; 2894 posts; 2912 upvotes; Ottawa

Mar 18th, 2021 10:52 pm

"...buys another one that is substantially similar."

It is the same thing except in different currency = wash sale.

Mar 19th, 2021 2:58 am

dijkstrabfs3 [OP]: Newbie; Jan 12, 2021; 24 posts; 3 upvotes

Mar 19th, 2021 2:58 am

cloak wrote: ↑ "...buys another one that is substantially similar."

It is the same thing except in different currency = wash sale.

make sense...thanks.

Mar 20th, 2021 9:15 pm

yvrbanker: Sr. Member; May 2, 2019; 977 posts; 1347 upvotes; Vancouver

Mar 20th, 2021 9:15 pm

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.

+1

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