rjs
Level 15
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Business & farm

The wash sale loss disallowed affects the basis of the replacement shares, not the basis of the shares that you sold. The brokerage should keep track of this for you. When you sell the replacement shares the brokerage should add the loss that was previously disallowed to the basis that they report for that sale.

 

View solution in original post