@rjs Thanks for the reply!
When you say that you closed a position, I assume you mean that you sold all the shares you owned of a particular stock, and did not purchase any more shares of that same stock for at least 30 days after the sale. In that case, the wash sale doesn't matter. You have already gotten the benefit of the loss because you have sold the replacement shares. The loss just gets transferred to a different sale. If that's what you did, I don't see how the last sale could be a wash sale. You might be misunderstanding something, or it could be an error by the brokerage. Or maybe when you say you closed a position you mean something different from what I have described.
That is correct. When I say I have closed a position, I have sold all my holdings in those stocks entirely. If you take a look at the VVOS trades attachment that I have included in my previous comment, you can see that the sales are marked as "Wash". Am I correct to assume that my broker is marking them as "Wash" for now, and when the 1099B is generated, it will be counted as actual loss?
I am just trying to be prudent here, just so that I do not end up with disallowed wash sales when I get my 1099B, and end up having to pay a huge tax bill.
If, like you mentioned, I sell all of my stocks, and do not buy anything until March of next year, all the trades that are marked as "Wash" in that document will be actual realized loss, and my net short term capital gain will only be $25,000?
I will take a look at the link you have provided.
Thanks again.
