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Level 1
December 7, 2019
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If a wash sale occurs in prior year does the suspended loss have to be applied to the same stock in the following year?

  • December 7, 2019
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Best answer by TaxMonkey

There are not suspended losses following a wash sale.  The disallowed loss is added to the basis of the stock that created the wash.

1 reply

TaxMonkeyAnswer
Level 7
December 7, 2019

There are not suspended losses following a wash sale.  The disallowed loss is added to the basis of the stock that created the wash.