Followers | 65 |
Posts | 3805 |
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Alias Born | 03/26/2016 |
Wednesday, April 20, 2022 5:33:10 PM
once you examine the 1099 the transaction will appear as disallowed loss, but right next to it the loss will be in the last column as an allowed loss and in parentheses.
can flip and wash till your hearts content....just make sure all positions in the stock are closed out in November.......if a short position, better to close out before the thanksgiving break, as settlement date is applicable to short positions.
i got stuck in it 4 or 5 years ago, because i kept part of a wash and held it into next year.......tax software will still give you the loss next season when you close out the position....and will adjust your cost basis....HAPPY WASHING!!
don`t listen to me, don`t have a clue!
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