taxxat
Returning Member

How to recover wash sale losses from option trades?

I have significant wash sale losses from trading options contracts for stock symbol ABC. How can I recover those losses if I don't trade stock or options for ABC any more, even a year later?

 

All the explanations I have read online include examples where the option or stock for same company is REPURCHASED, and the loss from the wash sale is recovered by adding to the cost basis of the new purchase. 

 

Is there a way to recover the wash sale loss without purchasing options or stocks of the same company again at a later date (beyond 61 days)?