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Doktornolittle

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Doktornolittle

Re: Cbdpotential post# 6956

Friday, 07/17/2015 5:21:57 PM

Friday, July 17, 2015 5:21:57 PM

Post# of 481631
For a "wash sale"; the way I remember it is that you can't count/deduct the loss in a wash sale right away, but it changes the cost basis for the stock so that when you do sell the stock you are taxed on less gain. It just changes when you can count the loss, not whether you can count the loss.

It used to scare the crap out of me, but I no longer worry about it.
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