Savvy Trades and Investments

[cintrix]

Not really. The wash sale was created to stop people from using it as a way of taking a loss on something that they still want to own. And when they don't allow the loss because you rebought it within the wash-sale time period, they are still allowing you to take that loss but on a delayed basis. They add the loss that you weren't allowed to take to the cost basis of the new shares you bought. So basically you are still taking that loss but later on.