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Investing
On your 1099-B there should be an amount for 'Wash Sale Loss DIsallowed'. A Wash sale is when you sell something and lose money on the sale and then immediately repurchase something that is significantly the same as what you sold. When buying and selling fractional shares that is the kind of thing that happens all of the time. Losses on Wash sales are not tax deductible and are deducted on the 1099-B for that reason.
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‎February 21, 2024
1:55 PM