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Strategies & Market Trends : Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (2442)	1/24/2023 9:05:41 PM
From: diegosan	Respond to of 2591

I don't know if this helps. From Fidelity. My WAG is that you can't take the loss. Diego: options. More specifically, the wash-sale rule states that the tax loss will be disallowed if you buy the same security, a contract or option to buy the security, or a "substantially identical" security, within 30 days before or after the date you sold the loss-generating investment (it's a 61-day window). It's important to note that you cannot get around the wash-sale rule by selling an investment at a loss in a taxable account, and then buying it back in a tax-advantaged account. Also, the IRS has stated it believes a stock sold by one spouse at a loss and purchased

To: Elroy who wrote (2442)	1/25/2023 1:14:54 PM
From: TheNoBoB	Read Replies (1) \| Respond to of 2591

Re: Options wash sale My reading online on the subject... I based my response on the opinion at Fairmark, an outfit that specializes in taxes and investing. Again, the Treasury has not provided definitive guidance, but if both positions have the potential to result in the same underlying position, I read that as a wash trigger (and so does Fairmark). You do you, though.