Claiming Wash Sale

josiah316 · ‎March 31, 2021

In 2020 I had $5,000 of Wash Sale Losses that were disallowed. Can I claim a portion or all of these losses on 2021's Tax returns? How do I find out what the limits are to claiming these losses?

MinhT1 · ‎March 31, 2021

You do not claim your wash sale loss disallowed. The disallowed loss is added to the cost basis of the stock that you repurchased within the 30-day period and you will have the benefit of the disallowed loss when you ultimately sell the repurchased stock.

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View solution in original post

MinhT1 · ‎March 31, 2021

You do not claim your wash sale loss disallowed. The disallowed loss is added to the cost basis of the stock that you repurchased within the 30-day period and you will have the benefit of the disallowed loss when you ultimately sell the repurchased stock.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Claiming Wash Sale