Thank you, Julie. Just to confirm, it sounds like the losses on the final trade in a chain of wash sale trades will never be held in suspense. In other words, they are immediately realized as losses for tax purposes. Where you run into an issue is when you make another purchase within 30 days.
Also just to confirm, it doesn't matter if the last day for you to avoid a wash sale is in a different tax year because again, once you are done making the trades that are subject to the wash sale rule, those losses are immediately realized.
