Would it be safer to close out out potential wash-sale positions by end of November, instead of end of year?
I imagine a situation where you sell everything of Stock A on Dec 20 realizing all losses, and then mistakenly rebuy back on Jan 10. Now all your loss for previous year is disallowed and you have no way to fix it? Even if you immediately sell the loss would count for the current tax year, and not previous tax year, right?
I imagine a situation where you sell everything of Stock A on Dec 20 realizing all losses, and then mistakenly rebuy back on Jan 10. Now all your loss for previous year is disallowed and you have no way to fix it? Even if you immediately sell the loss would count for the current tax year, and not previous tax year, right?