What actually happened is I sold stock and options at a loss about half way down the dip this year. Then bought back at the bottom much more aggressively A month after the sale to avoid making it a wash sale. My play fund went from 50k down to 30 at one point and got as high as 90k last month. Yet I’ll have 5000 less at the end of the year I’ll need to pay tax on.
I’m going to write off 5k in “losses” this year.
What actually happened is I sold stock and options at a loss about half way down the dip this year. Then bought back at the bottom much more aggressively A month after the sale to avoid making it a wash sale. My play fund went from 50k down to 30 at one point and got as high as 90k last month. Yet I’ll have 5000 less at the end of the year I’ll need to pay tax on.