Hello,
During the earlier part of the ear I did a lot of high frequency day trading, and still day trade a lot
looking at my taxable gains though on my Etrade, it shows that I have 300,000K of disallowed losses !!!! from wash sales. It is true that engaged in a lot of wash sales but I only hold a few positions now and they are not associated with the disallowed losses
most of the disallowed losses were associated TVix, SQQQ, and Sdow day trades, and I don't hold any of those for the last several months
But it looks like the wash sales just kept accumulating whereas I don't see the allowed loss when I finally got rid of hte positions
I'm terrified! how can I get out of this? My account is only about 250K total and its more or less net even for the year so how can this happen?
How do I get out of this situation, is my broker misreporting and not adding to my final cost basis? they are closed now on the weekend.
It doesn't make sense I still have washsales disallowences when no longer own the positions
Please Help! thank you
