Wash-sale is a touchy subject. When comes to reporting wash-sales to IRS its a law and it does NOT help you with gains, you CAN NOT use it against your gains. So why do we have to report it? Well I guess IRS wants to know if you caused any wash-sales. But, please anyone correct me if I'm wrong, I read and heard that we can include wash-sale losses(amount) one year after reporting it to IRS. For example: I reported $32,000 in wash-sales last year for year of 2020 to IRS, so this year I can report that $32,000 in wash-sale against my last years gain(s) for year of 2021... AGAIN correct me if I'm wrong about this finding, I'm still looking into this.
