Hello,
Please help me in putting together a potential chain of wash sales:
2 XYZ Option Contracts Sold (Expired) on 12/16/22 at the same time (worthless, so losses, but different loss amounts to to different acquired dates)
- 1 acquired on 8/19/22
- 1 acquired on 11/16/22
1 XYZ Option Contract Sold (Expired) on 12/23 (worthless, so losses)
- acquired on 12/05/22
1 XYZ Option Contract (not yet sold, still holding)
- acquired on 11/16/22
Assuming all option contacts are substantially identical, how do I complete this wash sale chain accurately?
The two contacts expired (treating as “sold”) at the same time, so cash they wash sale each other? Or do I take the earliest acquired date one since they sold at same time and no way which to know was first?
Then, to which option contract does the wash sale go to afterwards?
I am having difficulty following a sequence here or know what wash sale I have?
I know exactly what a wash sale is and how it works, so that is not what I am asking? But rather, what chain is required to be followed with multiple lots and transactions?
Thanks in advance!
