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Get your taxes done using TurboTax
Assuming you are acting in one trading account, If you close all positions in a "wash sale"-involved security, you have no triggering buys that are carrying the "disallowed loss". It all cancels out. The broker is required to track all this for you.
None of this relieves you of your responsibility to provide details of wash sales on Form 8949 as required by IRS instructions on this matter..
‎August 27, 2024
5:34 PM
31,896 Views