If I buy and sell for a $300 loss and then buy back in less than thirty days, the wash sale rule is activated and thus I’m not able to harvest that $300 loss against my other profits for the year.
What if I bought it back activating the wash sale against the $300 loss, but then it drops even more, and I sell it for now a $3000 loss; But this time I sell it for a loss and don’t buy back For over 30 days…
Will I be able to harvest that $3000 losses since I didn’t buy back within 30 days the second time around? I’m pretty sure that’s correct, no?
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