The IRS says:
Nondeductible wash sale loss.
If you received a Form 1099-B, box 1g will show the amount of wash sale loss disallowed if:
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The stock or securities sold were covered securities, and
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The substantially identical stock or securities you bought had the same CUSIP numbers as the stock or securities you sold and were bought in the same account as the stock or securities you sold.
However, you cannot deduct a loss from a wash sale even if it is not reported on Form 1099-B.
Disallowed losses on wash sales will increase your capital gains for the year.
As for the tax on capital gains, it depends whether these gains are short-term or long-term, which depends on how long you held the stock before selling it.
Please read this TurboTax article for more information.
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