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Sunday, April 16, 2017

Confused by wash sale amount

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I’m wrapping up my taxes, and am reporting my trade gains and losses for the year. I’m relatively active trader, and so have “Proceeds” and “Cost of other basis” in the 7-figure range. My wash sale loss disallowed is about $300,000.

I don’t understand how the wash sale figure is related to the Proceeds and Costs. Can someone explain?

submitted by /u/Martin5hkreli
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April 16, 2017 at 01:59AM

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from /u/Martin5hkreli

http://ift.tt/2oeAdoE


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