the wash sale rules still apply but because all the positions were closed by the end of the year the wash sale losses are allowed. 2 caveats. 1) a security sold at a loss at the end of the year with a settlement date in 2025 is not recognized until 2025. 2) even though all the positions are closed by 12/31/2024 any purchase of substantially identical securities In January 2025 within the 31 days of the 2024 sale will trigger a wash sale if the 2024 sale was at a loss.
