Double Wash Sale trigger question(Buy/Sell/Buy/Sell/Buy)


What will happen if I trigger a wash sale twice? When will my losses be claimed in my cost?

For example ,

1/1 Buy $100

1/2 Sell $90

1/3 Buy $70 (Wash sale triggered cost $80)

1/4 Sell $50

1/5 Buy $40 (Wash sale triggered cost $70)

1/6 Sell $30

In this case will I be able to claim $40 loss?


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