@nexchap
How does one adjust the holding period of a lot that triggered a wash sale? My confusion lies with IRS Revenue Ruling 84-53 and the resulting proportional disposal; a sale of units is comprised of proportional units from multiple lots, which of these lots is used adjust the holding period of the triggering lot?
Example:
63 units sold on for a loss on 11/22, of these:
- 22 units were acquired on 6/20
- 22 units were acquired on 7/22
- 19 units were acquired on 8/17
Units were repurchased on 12/23.
How is the holding period for the repurchased units adjusted due to the wash sale?
