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Wash sale loss disallowed
Hello ( @DianeW777 or any expert)
In 2020 i had a substential wash sales loss disallowed on my 1099 even though I sold all the positions before end of year. resulted in big gain instead of net loss.
My mistake, I assumed Turbotax will account for this, it did not.
If i amend my 2020 taxes, it is too late to ask for refund.
Questions:
Option1: Can I use the 2020 wash sales loss disallowed as regular capital gain loss and deduct it from following years capital gains?
Option 2: Should i amend 2020 to show real capital gains losses and carry these over? (why is this different than option 1?)
What are my options ?
Thanks in advance
‎November 20, 2024
11:25 PM