In a wash sale transaction do I need to change the date acquired of the security acquired within 30 days of the 1st transaction to the date of the 1st transaction?
I purchased 1 option contract on 8/17/18 and sold it for a loss on 8/23/18. On 9/14/18 I purchased another option contract for the same stock. The loss on 8/23/18 is disallowed and added it to the cost basis for the 9/14/18 purchase.
01818
1 Best answer
fanfare
Level 15
Jun 1, 2019 4:49:49 PM
you just described the handling of a Wash Sale.
there is no reason for you to change the dates reported on your 1099-B which is copy to the IRS.
1 Replies
fanfare
Level 15
Jun 1, 2019 4:49:49 PM
you just described the handling of a Wash Sale.
there is no reason for you to change the dates reported on your 1099-B which is copy to the IRS.