Hi. If I sold a stock for a loss, and bought again within 30 days, I know it's considered a wash sale. However, would there be any tax complication if I do not sell the position for capital gains or capital loss until mid/late 2024?
Would it also affect my profit/captain gains whenever I do sell it?
For example, I bought the stock for $300, and sold for a loss of $26. I recently bought it again within 30 days for $1200, and won't be selling it until mid/late 2024. Will there any complication with this tax wise on the 1099 when I file my taxes next year since I initially sold it for a loss of $26?
Thank you for helping 🙂
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