the disallowed wash sale loss is added to the tax basis of the shares that created the wash sale. yes, TT will remember what your clco is provided you use the same a/c in 2022
bought for $30 sold for $20 disallowed wash sale loss $10
tax basis new shares the $21 you paid + the $10 wash sale loss.
Robinhood being in the US is required to make the adjustment when you sell the shares that created the wash sale. the holding period from the original shares is included so this can transform what you think is short-term into long-term RH should report sales price of X cost of $31. if this results in again, no problem. if a loss and you again buy the same stock within 31 days of the sale you'll have another wash sale.
now remember if within 31 days before or after this sale you to repu
