To those of you who frequently trade the same stocks over and over, how do you make sure any losses are counted in your net earnings by year end? To avoid getting a nasty surprise when calculating how much taxes you owe, how do you make sure you are not violating wash sale rules?
For example, there are a handful of stocks that I follow closely and day trade frequently. I jump in and out of trades of the same securities (or their equivalent options) daily.
Should I just make sure there is a 30 day period where I avoid these frequently traded stocks altogether before the year ends? Is this enough to make sure my total net earnings are correctly counted?
Submitted June 04, 2021 at 03:32AM by TuaTurnsdaballova https://ift.tt/3uRPq0i
