When can you adjust for (and re-allow) a disallowed year-end (December) wash-sale loss?
If you sell an entire position (e.g. 100 shares in company X) at a short-term capital loss on Dec. 10th, and your broker reports an adjusted "disallowed wash-sale loss," can you:
a) Re-purchase the 100 shares on Feb. 25th and re-adjust (and re-allow) the loss? As implied on www.irs.gov/pub/irs-pdf/i8949.pdf, page 7.
b) Re-purchase the 100 shares on Jan. 25th and re-adjust (and re-allow) the loss? Some article implied the entire month of January is off-limits.
c) Do (a) or (b) if, back in December, you sold only part (e.g. 33 shares) of your position? (and then later re-purchased just that part.)
(1)1 Comments
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Disallowed losses are created when you buy a stock */- 30 days of a sale at a loss.
When you sell and have no shares left, the loss is taken. You can't have no shares and leftover disallowed loss.
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