Investors & landlords

if you don't properly elect IRC code sec 475(f) being a day trader has no meaning for wash sale purposes. (the election must be file by the original due date of the previous year return. so if you didn't properly elect on your 2019 return or extension which had to be filed on or before 7/15/2020 you are out of luck for 2020. (for 2021 the election and form 3115 have to be filed by 4/15/2021)  a proper election allows you to ignore wash sales because at the end of the tax year you adjust for any unrealized gains or losses -  securities held are revalued to their closing price and that gain or loss is picked up as income in that year. trades are reported on form 4797 not schedule D.   see a pro because just because the IRS does have criteria it would use if you were audited. form 3315 also has to be filed because you are changing accounting methods for valuing your inventory.

since it's likely you didn't make an election effective with 2020 unless you tell your broker otherwise they will use the fifo method. that is how they'll report it to the IRS. if you want to use a specific block against the sale you have to inform your broker in advance.  some brokers will accept standing instructions to use lifo