Ok thanks but maybe you can explain when you add up all the wash losses I'm guessing this is the disallowance?
Then if you didn't close out a stock purchase of 30 shares of a 500 stock but was connected to a wash sale chain that had a , 11k in wsale losses..do you add up the total cost basis and proceeds and then subtract them and lower the overL figures.
.or do you just subtract them to determine your short term gain tax amount.
I'm just trying to figure out where the number come from and go with wash sale disallowance and the carry over when you don't close out a stock because you purchased it in 2024.
Nobody explains this online.
