Most of the time they’ll add your wash sale back to the cost basis, unless you sold your loss position at the end of the year and rebought it. Just chill and record your capital loss on your 1040 and deduct 3k this year, carry forward the rest to next year
falksjfk t1_jeesxx3 wrote
Reply to Can someone help me understand my taxes as an unprofitable day trader? by maidog6
Most of the time they’ll add your wash sale back to the cost basis, unless you sold your loss position at the end of the year and rebought it. Just chill and record your capital loss on your 1040 and deduct 3k this year, carry forward the rest to next year