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I'm not following you. Wash sales are realized

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cintrix Member Level  Friday, 04/14/17 11:26:24 AM
Re: swampboots post# 4749
Post # of 4766 
I'm not following you. Wash sales are realized you just have to delay taking the loss. The loss actually gets added to the new cost basis. I use lot selection not FIFO. I pick and choose which lots I want sold. Also, now since 2011 the brokers keep track of all that so it is really easy. When you get your 1099 there is a box for wash sales that the broker is reporting.

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