Lets say I invest $25,000 into a stock, it drops to a value of $15,000, I sell it and then it drops to $10,000, I buy it back within 30 days and it returns to $20,000. I sell it at $20,000, then at the end of the year, could I potentially end up not being able to count the first drop as a loss, and then pay on the $10,000 gain? So in the end I'd have ended up breaking even, but then because of the wash sale I go back negative. Is that possible?
Submitted June 29, 2021 at 03:24AM by GeorgeJenkins_ https://ift.tt/3x3ZLID
