2nd question... if I had 100k wash sale loss and only 10k gain and did not stop my wash sales then this loss is deferred to 2023. Then this means I have to pay taxes for 10k gain in 2022 (where I would not have if I had stopped my wash sales). Can anyone confirm?
For 2023, once my wash sales is stopped and recognized then 100k wash sales losses from previous year will show up on my 1099B. Then can the deferred wash sale losses can be used to offset capital gains for tax year 2023?
If the deferred wash sale losses is more than capital gains then is the difference used as capital carryover to tax year 2024?
