JamesV84
Returning Member

Is it possible to undo a wash sale?

I sold stock at a loss thinking I could realize the capital loss and still keep the stock if I just repurchased it again.

Then I learned that The Wash rule will not allow me to do that, even though I’ve already rebought the stock.

Can I sell the stock again to buy a completely different stock and to realize my capital loss as well?  Or is it too late since I already violated the Wash Rule?