I may be missing something here, but this seems to be a wash sale situation. I placed three buys of ETF XYZ august 28, 2024 for (example here not the real numbers) let us say 100$. In much less than 30 days I placed three sales on Sept 6, 2024 which resulted in Proceeds of 95$ (again an example here, not the real numbers). It is my understanding from multiple sources that a wash sale results when a stock is purchased either less than 30 days before or less than 30 days after the sale of a stock at a loss. In my example, I purchased the ETF approximately 9 days before I sold it. Thus, I think it is a wash sale. In the above example, it is simple a 5$ real loss. So my question of the community is: is there a complicated formula here - or is it just plain simple - I cannot count the 5$ loss because of wash sales.
As to the broker statement, I am almost certain it is full of errors. I intend to enter the data as I understand it in Turbotax premier - and then probably deciding it is not worth making the broker file and amended 1099 with the IRS. My interaction with my broker and my correction of their data is not an issue I want to address on this message board. I am simply in this post trying to make sure that I am not missing something in wash sale rules. As I said in my original post, the examples I can find for wash sales at the IRS and many websites all talk about redistributing adjusted cost basis for purchases of the same stock AFTER the sale. My case seems to be very simple. I did not wait 31 days after my initial purchase and am therefore subject to wash sale rules. What am I missing?
Thanks in advance. I am trying to learn from this experience and never intend to do a wash sale again (:
Johnny the retiree (and trying to stay that way).
