Savvy Trades and Investments

[researcher59]

Wade: how did you make such a mistake ? Did you not understand the wash sale rules ? Or was it just a sloppy mistake ? Yes, mistakes of all sorts in life can be very costly. I consider the wash sale rules to be fair, but that's just my opinion. If one takes a big loss in a security for tax purposes then one has to be super vigilant not to buy it back within 30 days. Fair or unfair, it's a very simple rule to follow. I presume that you've learned from this expensive lesson and won't let it happen again.