Capital Gains and year reported

[fredgbarb]

I purchased a stock in 2022 and on December 31, 2022 I had a realized gain showing on my Captial Gains/Losses statement of $8,837.49 for sales in 2022 for this stock.  I still had some shares going into 2023.  On January 6, 2023 I sold the remaining shares of 968 at a price of $32.50 per share to have a realized loss of ($11,962.13).

On January 6, 2023 I "repurchased" that same stock for 968 shares at a price of $30.00 per share.  My brokerage firm went back into my 2022 account for this stock and adjusted the gain to $11,192.11, which amounted to adding $2,354.62, which is roughly the difference between the selling price of $32.50 and repurchasing price of $30.00 for a recognized gain of $2,420.00.

My question is I was always under the assumption that anything purchased or sold starting January 1 of the new year would be a gain or loss in the new year.  I do not understand why my brokerage firm went back to 2022 to realize the $2,354.62 gain.  Can someone explain if my assumption is correct or did my brokerage firm do the right thing?

[leeloo]

Wash sales rules are not subject to calendar year restrictions Your loss would be disallowed if you reacquired the security within 30 days, any 30 days.

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[Mike9241]

I purchased a stock in 2022 and on December 31, 2022 I had a realized gain showing on my Captial Gains/Losses statement of $8,837.49 for sales in 2022 for this stock.  were any of these sales at a loss and sold on or after 12/7/2022? then the 1/6/2023 purchase would trigger the wash sale rules but only for those shares sold at a loss, but assuming all sales were at a gain in 2022 none of the shares repurchased on 1/6/2023 would trigger a wash sale for those shares

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assuming no wash sale on the 2022 shares sold then the wash sale would only be on the 968 shares you bought and sold on 1/6/2023. "I still had some shares going into 2023.  On January 6, 2023 I sold the remaining shares of 968 at a price of $32.50 per share to have a realized loss of ($11,962.13). On January 6, 2023 I "repurchased" that same stock for 968 shares at a price of $30.00 per share".  My brokerage firm went back into my 2022 account for this stock and adjusted the gain to $11,192.11. 

this makes absolutely no sense to me.  go back to the brokerage and get an explanation. the loss on a wash sale is added to the basis of the shares purchased that caused the wash sale. so there should have been no change in the 2022 gain.

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yes wash sales can cross over years. sell at a loss in December and then buy substantially identical securities within 31 days of the December sale in January you triggered a wash sale