Replies to post #12716 on Mullen Automotive Inc (MULN)

[cintrix]

I've been trading for 27 years. This is how it works. The wash sale column does list the amount you can't take, but that amount is added to your new cost basis:

You may still see some benefit from your wash sale, though. You can add the amount of your loss to the cost of how much it was to repurchase the same or substantially identical investment. This raises your cost basis, which may save you money on your capital gains tax later—or if you sell the investment at a loss in the future, you may be able to claim a greater loss than otherwise.
https://wwhttps://investorshub.advfn.com/Mullen-Automotive-Inc-40458w.forbes.com/advisor/investing/wash-sale-rule/