@a15973 The IRS considers wash sales to be imaginary losses. Before they disallowed them people used them to generate losses for their taxes a lot - so the rules don't allow them. The way the IRS views the trade you have listed is that there was a loss of $1370.98 on the trade but $1,039.17 was imaginary losses so you only get to deduct $331.81. You will never deduct wash sale losses.
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