Thanks for your response, but I'm confused by what you said:
"No, you do not adjust your basis." ...... then later you said:
"The tax or cost basis of the replacement securities is the new cost increased by the disallowed loss."
So my question is should I adjust the basis of the replacement securities (and if so, how in TT).
-Every WASH example I have seen shows a SELL 1st then a BUY 2nd within 30days.
-In my case, I had a BUY 1st, then SOLD older shares for a loss within 30days. So I think I need to add the disallowed loss to the basis of the shares BOUGHT (which I eventually sold to close out the WASH sale).
