Anonymous
Not applicable

Wash Sale Question: Do I need to add the excluded amount back if all positions were exited?

Received a 1099 from Robinhood for TY2019. There are four columns, and one of them is "wash sales disallowed". However, I left Robinhood and closed all positions in October, 2019, which means that as of December 31st, 2019, I should have been able to include those losses (I didn't buy equivalent equities elsewhere).

 

Do I need to add the "Wash sales disallowed" amount (-$9,735.47) back in, or is Robinhood just telling me what the total amount of "Wash sales disallowed" was throughout the year, but the cost basis of the other holdings were adjusted so when I sold those it all evened out in the end?

 

Thank you.

 

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