let's say that one has a 10k loss for all stocks c
Post# of 74787
3000 can be written off while 7000 gets carried into next year.
(and one should consider not trading)
another case.
let's say that one has a 10k loss on ABC stock
and a gain of 40k on CDE stock.
then the reported number is 30k gain
and yet, one more case,
if one has changed their accounting methods to mark-to-market, then wash sales do not apply.... but you are still limited in reporting a 10k loss (3k loss, 7k carry forward)
![Like This Post](/images/thumb-up.png)
![Dislike This Post](/images/thumb-down.png)