Chartingyourwealth
chartingyourwealth.com › washsale_calculator.html
Wash Sale Calculator
Bought Stock (With a sale in past 30 days): You bought a stock and have a sale in the past 30 days. Click the Calculate button to see the results.
Wash Sale Calculation Explanation
Welcome to the sub, u/Woahhno . I see you are looking to do some math calculations for wash sales. I'll provide you with some information. Let's start with the wash sale definition. The IRS defines a wash sale as a sale or other disposition of stock or securities on which the seller realized a loss within a 61-day period (beginning 30 days before and ending 30 days after the date such sale or disposition took place) and replaces it with stock or securities that are "substantially identical." 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. I recommend reviewing a few resources on our website to understand the wash sale topic better. I've copied links for a couple of articles for you below. Wash sale: Avoid this tax pitfall Wash-sale rule: What to avoid when selling your investments for a tax loss Now that we defined it, let's look at a practical example of a wash sale. Assume that you purchased 100 shares of XYZ Company for $30 per share and sold them for $27 per share on March 20. You then repurchased the shares on April 10 when the shares were trading at $33 per share. Since the transaction occurred within the 30-day wash sale period, the $300 loss is a wash sale and would be disallowed by the IRS. The adjusted basis for the replacement shares is $3,600, which is the addition of the $3,300 ($33 x 100) and the $300 loss that was disallowed. Therefore, taxes on any future sale will be figured as though you had retained the original shares. As a reminder, Fidelity does not provide tax advice; therefore, if you have questions on how wash sales will affect your taxable situation, we recommend working with a qualified tax advisor. We're glad you stopped by today. I see you have already started exploring the community discussions, so please continue to participate as you wish. Should you need us, please do like you did here today and drop us a post. We'll be happy to help you. More on reddit.com
How is cost basis adjusted for this wash sale example?
Hi u/Diligent_Elk_9826 , welcome to our sub. I notice it's your first post in our community wanted to let you know it's good to have you here. It's important to talk about wash sales first, as it may clear up what you're trying to accomplish. According to the IRS, a wash sale is a sale or other disposition of stock or securities on which the seller realized a loss and within a 61-day period (beginning 30 days before and ending 30 days after the date such sale or disposition took place) replaces it with stock or securities that are "substantially identical." 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. Wash Sale Rule When a wash sale occurs, all or a portion of any loss realized at the time of the sale may be disallowed. The amount of the disallowed loss will automatically be added to the cost basis for the purchased shares. This cost basis adjustment is permanent for shares and does not go away. To view wash sales and any adjusted cost basis on Fidelity.com, you can visit both your closed positions page and your positions page, depending on the situation. Check out IRS Publication 550 for more information on wash sales. IRS Publication 550 We'd be more than happy to look at a specific transaction to help you understand. Please send us a Modmail using the link below, and we will enter a secure environment to review your account. Message the Mods Thanks again for stopping by. Feel free to let us know if you have any other questions. More on reddit.com
Wash sale rule calendar calculator?
https://www.timeanddate.com/date/dateadd.html Enter the date of the sale as the "start date." Then add (and subtract) 31 days from that date. The result is the first "safe" day you can buy something substantially identical without triggering a wash sale. More on reddit.com
Where can I find a Wash Sale Calculator?
Your broker should have it for you if you use a reputable one. More on reddit.com
Videos
04:15
Understanding the Wash Sale Rule - YouTube
08:07
Wash Sale Rule Explained: Avoid Costly Trader Tax Mistakes (With ...
08:06
The IRS Wash Sale Rule | Understanding Trader Taxes - Lesson 2 ...
04:31
What is a Wash Sale? | Understanding Trader Taxes - Lesson 1 - YouTube
03:41
How to Change the Wash Sale Profit/Loss Calculation in ThinkorSwim ...
Understanding a Wash Sale | Fidelity Investments
Costbasistools
costbasistools.com › wash › wash.php
Wash Sale Calculator
The calculators listed here are described at www.costbasis.com.
GitHub
github.com › adlr › wash-sale-calculator
GitHub - adlr/wash-sale-calculator: Calculator for wash sales for US taxes
Note that all symbols are considered substantially identical to each other, so if you trade in multiple stocks that aren't substantially identical, feed them into the calculator separately. ... description provided on 1099b or statement. Unused by this program, but carried through for your records ... Acquisition price or basis. Value is typically share price on BuyDate * Cnt ... Optional. If sold, the date of sale ... Optional. If sold, proceeds. Value is typically share price on SellDate * Cnt - fees ... Optional. Must be empty for the input. May be set to W if there's a wash sale.
Starred by 42 users
Forked by 14 users
Languages Python
IRS
apps.irs.gov › app › vita › content › 10s › 10_04_011.jsp
Case Study 1: Wash Sales
Case Study 1: Wash Sales · Case Study 2: Long-Term or Short-Term · Case Study 3: Long-Term or Short-Term · Skills Warm Up: Holding Period · Case Study 4: Basis and Holding Period · Proceeds from the Sale · Case Study 1: Sales Price · Skills Warm Up: Form 1099-B ·
Firstrade Securities
firstrade.com › resources › tax-center › wash-sales
Wash Sale Rule - Examples, & Being Substantially Identical
For example, you have 500 loss-generating shares of Fiko Steel, Co. that you bought at $40/share and you want to sell at $25/share to take a loss for the deduction. About 15 days after the sale, you hear some good news about Fiko Steel, Co. and buy back 500 shares at $30. Even though you experienced a loss of $15 per share, you are not allowed to claim the loss since it was repurchased within the Wash-Sale period.
Washsalecalculator
washsalecalculator.com
Wash Sale Date Calculator & Calendar
A fast, free, and easy-to-use online calculator for wash sale date calculation. Visualize disallowed and safe trading windows on a calendar based on your loss sale date.
Reddit
reddit.com › r/fidelityinvestments › wash sale calculation explanation
r/fidelityinvestments on Reddit: Wash Sale Calculation Explanation
May 7, 2024 -
I'm going through other threads to learn how wash sales work but can't seem to find how the calculations work. My impression is when you exit a trade completely, you're able to fully recognize the loss.
Here, I somewhat understand that the first loss of -38.48 is disallowed in loss of -56.49 but why is the full value of 68.01 disallowed in the subsequent trade?
Similar situation where I've completely exited a trade and the loss should be recognized but I had gains instead.
Columns in order: (1 Quantity, (2) Date Acquired, (3) Date Sold, (4) Proceeds, (5) Cost Basis,) *(6 Accrued Market Discount)*, (7 Wash Sale Loss Disallowed, (8) Gain/Loss)
Top answer 1 of 2
1
Welcome to the sub, u/Woahhno . I see you are looking to do some math calculations for wash sales. I'll provide you with some information. Let's start with the wash sale definition. The IRS defines a wash sale as a sale or other disposition of stock or securities on which the seller realized a loss within a 61-day period (beginning 30 days before and ending 30 days after the date such sale or disposition took place) and replaces it with stock or securities that are "substantially identical." 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. I recommend reviewing a few resources on our website to understand the wash sale topic better. I've copied links for a couple of articles for you below. Wash sale: Avoid this tax pitfall Wash-sale rule: What to avoid when selling your investments for a tax loss Now that we defined it, let's look at a practical example of a wash sale. Assume that you purchased 100 shares of XYZ Company for $30 per share and sold them for $27 per share on March 20. You then repurchased the shares on April 10 when the shares were trading at $33 per share. Since the transaction occurred within the 30-day wash sale period, the $300 loss is a wash sale and would be disallowed by the IRS. The adjusted basis for the replacement shares is $3,600, which is the addition of the $3,300 ($33 x 100) and the $300 loss that was disallowed. Therefore, taxes on any future sale will be figured as though you had retained the original shares. As a reminder, Fidelity does not provide tax advice; therefore, if you have questions on how wash sales will affect your taxable situation, we recommend working with a qualified tax advisor. We're glad you stopped by today. I see you have already started exploring the community discussions, so please continue to participate as you wish. Should you need us, please do like you did here today and drop us a post. We'll be happy to help you.
2 of 2
1
It seems that the cost basis is the actual purchase price and not the adjusted cost which is purchase price plus disallowed loss. Check every entry.
TurboTax Community
ttlc.intuit.com › community › investments-and-rental-properties › discussion › how-to-estimate-your-wash-sale-damage-before-your-receive-your-1099-so-you-can-plan-to-get-the-money › 00 › 3130222
How to estimate your Wash Sale Damage before your receive your 1099 so you can plan to get the money to IRS
January 22, 2024 - I'm not sure if this figure is the total wash sale disallowance for the year but they claimed it was. Any idea if this is how TD Ameritrade reports it? do brokers give this information before 1099? ... It sounds like you have the direction you need from your broker to calculate your Wash Sales before receiving a 1099-B.
SuperfastCPA
superfastcpa.com › reg-cpa-exam-how-to-calculate-the-tax-basis-of-stock-acquired-through-a-wash-sale
REG CPA Exam: How to Calculate the Tax Basis of Stock Acquired Through a Wash Sale – SuperfastCPA CPA Review
In this article, we’ll cover how to calculate the tax basis of stock acquired through a wash sale. A wash sale occurs when an investor sells a security at a loss and repurchases the same or substantially identical security within 30 days before or after the sale.
Fidelity
fidelity.com › planning › tax › content › tracking-tool.shtml
Fidelity TLA Vendor Affiliate Page
Third-party vendors offering Tax Lot Account services to Fidelity customers
SuperfastCPA
superfastcpa.com › reg-practice-questions-explained-calculate-the-basis-of-stock-acquired-through-a-wash-sale
REG Practice Questions Explained: Calculate the Basis of Stock Acquired Through a Wash Sale – SuperfastCPA CPA Review
Calculating the tax basis of stock acquired through a wash sale involves understanding the wash sale rule and its implications on your tax obligations. The wash sale rule comes into play when you sell a stock at a loss and then repurchase the same stock, or one substantially identical, within ...
TurboTax
turbotax.intuit.com › tax-tips › investments-and-taxes › wash-sale-rule-what-is-it-how-does-it-work-and-more › c5ANd7xnJ
Wash Sale Rule: What Is It, How Does It Work, and More - TurboTax Tax Tips & Videos
November 1, 2025 - Under the wash sale rule, your loss is disallowed for tax purposes if you sell stock or other securities at a loss and then buy substantially identical stock or securities within 30 days before or 30 days after the sale.
Investor.gov
investor.gov › introduction-investing › investing-basics › glossary › wash-sales
Wash Sales | Investor.gov
For more information about wash sales, read IRS Publication 550, Investment Income and Expenses (Including Capital Gains and Losses). Happy New Year! Take our quick investing quiz to gauge your investment knowledge and get tips for growing your wealth in 2026. Learn what to expect, what information you need to provide and what questions to ask when opening a brokerage account. Access savings goal, compound interest, and required minimum distribution calculators ...
TokenTax
tokentax.co › blog › wash-sale-trading-in-crypto
Crypto Wash Sale Rule: 2026 IRS Rules
5 days ago - While the IRS has not explicitly confirmed that wash sale rules apply to cryptocurrencies, increased regulatory scrutiny and proposed legislation suggest this loophole may close. As a result, risk-averse investors are advised to wait at least 30 days before rebuying crypto or consult a crypto tax professional. Calculate your crypto gains with our free crypto profit calculator.
Nkcpa
nkcpa.com › the-wash-sale-rule-dont-let-losses-circle-the-drain
The “wash sale” rule: Don’t let losses circle the drain
April 29, 2025 - You intended to use the $20,000 loss to shelter an equal amount of 2025 capital gains from your successful stock market sales. Having secured the tax-saving loss — or so you thought — you reacquired 2,000 ABC shares for $31,000 on April 29, 2025, because you still like the stock. Sadly, the wash sale rule disallows your expected $20,000 capital loss.