Investors & landlords

@AmyC ,

Okay, I have done a lot of further research and looking into this situation and I believe I have finally figured it out, and also understand the process in which you were explaining to me. I spent some time on the IRS website publication that you referenced - thank you very much for sharing that info.

Here is what I came up with & would love if you would take a peak and let me know if I am on the right track now, and if the connecting/matching of shares is done properly (all contacts are standard options that represent 100 shares):

Essentially, since sold on same day, we start with 8/19, it is a wash sale to 3 different buys (two 11/16s and 12/5), but according to chronological rules, we go with which tool place first, correct? That is the 11/16 that was sold on 1/30, it was bought before the other 11/16, so basis and date of 8/19 is added to that.

Then, we look at the other 11/16 that was sold on 12/16, it is also a wash sale to the 12/5 trade (only one left to match too). We add the date and basis to that. Then we look at updated ones. The one sold on 12/23 is ended because no buys 30 days before or after 12/23; it can be recognized on 2022 taxes. However, the one sold on 1/30/23 will obviously have to be recognized on 2023 taxes, and will end the wash sale AS LONG as NO BUYS by 2/30/23.

I know that I have gotten extremely detailed here, but hard not too to be sure we are on the same page. If you could quickly review, I know your time is valuable and answer the question - do you think I have done this properly, I would again, be so grateful!

M. Dillon Smith