So if you have a repeating wash sale for 10 months and even close out the positions in NOV, the only way to recover is to buy the same security after 31 days of no (open trade) and have gain or (losess with no wash sales) on the next batch of sales? when does the cost basis go back to zero?
Then if you buy the security back how does dividends help or hurt? Then if they become long term?
I have spoken with so many people and get different answers.
The problem is TD Ameritrade has a 2023 realized gain loss report with wash sales and calculates the st gain, short term loss, and short term net while tracking the wash sales on another form but I think what will happen is they will adjust all the wash sales at the end of year and report it as a dissallowence and do you dont feel the pain until feb. The short term net is not the amount you really need to determine the damage. Does this sound correct?
Thanks
