@Mike9241
Also, if I am anticipating higher ordinary income next year ... then should I let my wash sales close in 2023 so my losses can be used to offset my higher income? I think this answer is no. Capital gains cannot offset ordinary income. Only $3,000 is limit.
Separate question, if I continue to trade covered call options and do not wait out the 31 days for all year of 2023 will the wash sales loss be deferred still to year 2024?
Your feedback much appreciated!
