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cintrix

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Re: Smilin_B post# 12656

Wednesday, 04/20/2022 6:19:07 PM

Wednesday, April 20, 2022 6:19:07 PM

Post# of 71082
That is not exactly true. You can't take the loss from the stock on that sale. What happens is once you buy it back again they add your loss to your new cost basis, so it is actually a delayed loss that you still take. Your cost basis on the new stock you bought is the cost you paid plus the disallowed loss from the last sale.
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