Thanks. I did online search i got very similar answer as there is NOT definitive guideline regarding Options what would be considered same or substantially similar.
Q: How to treat these Options for taxes? Take the Loss without adjusting for WASH rule and wait and see if you get a letter in mail?
Just to give an example. Debt or Credit Spreads are very popular trading strategies. In a successful trade you make money in one Leg (Long leg in Debt Spread and Short Leg in Credit Spread) and loose money on other leg. But money you make with one leg is much more than losing leg. These both legs have same underlying stock, same expiration and both are either CALLS or PUTS, Lets say you close these trades within 31 days (including day of trade) or open a new trade after on successful trade within this 61 day window. Now would this whole trade be subject to WASH rules. You never hear in financial or accounting media, if trading spreads, don't close it within 31 days or don't open new trade after successful trade.
