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Get your taxes done using TurboTax
Hi, can you elaborate your last statement about selling the 75 shares in Broker B today?
There are two potential scenarios:
1. the 75 shares bought in Nov at gain (the broker 1099B may not show this as a wash sale)
2. the 75 shares bought in Nov at loss (the broker 1099B will show this as a wash sale since it appears that you bought and sold at loss within 30 days)
Irrespectively, do you have to use the oldest shares bought to calculate the disallowed loss for wash sales?
‎December 30, 2022
7:27 AM