Question

A client sells a stock from their account for a loss. within 30 days, the customer buys the same stock back into their account. the broker/dealer informs the client that this is considered a wash sale. how is this scenario treated for tax purposes?

Answer 1

It treated as per the positions cost which will be adjusted as per the total amount of the loss.

In the marker , the client can sell out the major product at the different price but the customer have to go with the right option to pay the tax amount when you are coming to pay money on it.