Haha everytime I end up in a "disallowed wash sale" situation due to poorly setup trades I burn with rage. E.g., if I pull cash at a loss from a Mutual Fund or ETF that I auto-invest in to cover major emergency expense, and next paycheck start to rebuild that holding via automatic purchases, I can't claim the realized loss.
Under this would have been paying for any unrealized gain annually while holding it to add insult to injury.
lmao why would you ever invest? You pay taxes on unrealized gains but I'm pretty sure they won't give you breaks on unrealized losses.
Haha everytime I end up in a "disallowed wash sale" situation due to poorly setup trades I burn with rage. E.g., if I pull cash at a loss from a Mutual Fund or ETF that I auto-invest in to cover major emergency expense, and next paycheck start to rebuild that holding via automatic purchases, I can't claim the realized loss.
Under this would have been paying for any unrealized gain annually while holding it to add insult to injury.