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posted Feb 3, 2021 5:08:38 PM

How do I know what my disallowed wash sale loss is? Where do I find that on my 1099-B?

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Expert Alumni
Feb 4, 2021 11:05:45 AM

If you have a disallowed wash sale the tax loss will be disallowed if you buy the same security, or a "substantially identical" security, within 30 days before or after the date you sold the loss-generating investment.

 

After you sell the newly purchased security the loss on the wash sale will be added to the tax basis, and a new profit or loss will be generated.

 

Your broker will typically keep track of any carryover Wash Sales.

 

Although the form layouts are somewhat different.  You can find the Wash Sale in box 1g of the 1099-B form.