@emailanshu5-gmai wrote:
....Is there any way now or in future years to be able to negate 10K of profit with this 10K wash sale loss?
The loss is added to the cost basis of the new ("substantially identical") security.
When you ultimately dispose of that new security in a fully taxable transaction, then your previously disallowed loss from the wash sale will, effectively, be recognized (i.e., the loss is not "gone forever").
