Hi there, Popcorn fuck up here. Yes, I love the stock! Yes I am an idiot.
Sold at a loss at the end of last year but bought back before wash sale period. FUCK FUCK FUCK FUCK!
Mr. Tax Man on his way with world's biggest dildo now…but before he gets here….
Can someone tell me..is there a pro to having these shares that have wash sales in my portfolio? Or maybe more directly…how will this affect my taxes next year? What happens when I sell these shares?
More specifically, I bought at 20 but with wash sale my cost basis is 40. What happens if I sell at 20? What are the repercussions?
I'll go ahead and start lubing up now…
Thanks
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