- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Yes, in 1988, Congress amended the wash sale rule so that it applies to options. While there is no definitive guidance from the Department of the Treasury on how the wash sale rule applies to options, in the example you describe there is a chance that the IRS would disallow the loss realized when the short put was closed because the subsequent short put, involving the same underlying security, was effected within the wash sale period. While the short puts in your example have different strike prices and different expirations, there is no definitive guidance whether these differences make these options neither the same or substantially similar.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 27, 2023
3:59 PM