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Investors & landlords
You don't change your wash sales.
Your broker raises the basis of some of the identical securities in your account by the amount of the disallowed loss.
Eventually (if you are trading) those will be sold also.
This is all required by the IRS for covered transactions.
The only way this wouldn't happen is if you are buying and selling identical securities at different firms.
Then you have to do the adjustment yourself.
March 26, 2020
8:33 PM