I have imported all my 1099B statements and have a huge wash sale loss disallowed for tax 2022. So my tax bill is huge. I can defer this loss disallowed to tax year 2023.
Now I have to sell my some stock (long term holdings) to pay the tax bill. I think the wash sale loss disallowed can be used to offset long term gains on the stock I will sell for 2023. So if my loss was $10k and I sold $3k worth of long term gains then I would not need to pay taxes. Can you confirm?
Also I will use TurboTax next year. Will the software know to use my previous year's (2022) wash sales loss disallowed for 2023 capital gains and losses?
