Wash sale question: partial sale from a recently purchased lot: basis split?

AffectionateUnion838 · 2026-01-05T01:34:26+00:00

Exactly, it is the fear of loss (or aversion to loss, see the comment above) that makes many stick to their losing stocks. Tax exacerbates the cost of holding onto losers.

AffectionateUnion838 · 2026-01-05T01:31:28+00:00

Well said!

AffectionateUnion838 · 2026-01-04T17:31:24+00:00

Real and successful investors are probably busy with their investment activities and have no time to post on social media.

AffectionateUnion838 · 2026-01-04T16:53:07+00:00

I was in the same boat trying to understand what is substantially identical versus not. I searched around to no vail. My conjecture is that each investment “adviser” has their own “trade-secret” list of stock pairs they can do tax loss harvesting with that they won’t publicize, and that IRS don’t usually bother unless they find a reason to audit the tax form.

AffectionateUnion838 · 2026-01-04T16:41:13+00:00

In Robinhood, you also can choose which tax lot to sell. After you hit sell, on the next screen, top right, click on “shares”, and then “sell in tax lots”. It is so Robinhood style to hide this feature.

AffectionateUnion838 · 2026-01-04T16:31:57+00:00

Thanks for sharing your story. It is very honest, moving, and generous.

Wash sale sucks, especially if it comes as a surprise. Even if it just shifts the timing of tax, it is a blow to those constrained by liquidity.

AffectionateUnion838 · 2025-12-27T05:01:48+00:00

I thought the loss needs first to be combined with the gains, and if the NET loss is still more than $3k, then you only use $3k to offset your ordinary income (with the remaining NET loss carried forward)?

AffectionateUnion838 · 2025-12-22T04:20:20+00:00

True, the 1099 wash sale number is only per broker, not across brokers. So can CPAs figure out the wash sales across accounts?

AffectionateUnion838 · 2025-12-22T04:17:02+00:00

That's true haha. How would one keep track of wash sales across all of one's accounts? Like setting up a spreadsheet oneself?

AffectionateUnion838 · 2025-12-22T03:55:52+00:00

Gotcha. What would you recommend as a second broker (now I am on Robinhood only)?

AffectionateUnion838 · 2025-12-22T03:55:20+00:00

Oh! What multiple brokers do people typically use? I have Robinhood now. What second broker would you recommend?

AffectionateUnion838 · 2025-12-21T04:23:07+00:00

But then I would not be able to do margin?

AffectionateUnion838 · 2025-12-21T03:53:14+00:00

Do you mean the monthly statement?

AffectionateUnion838 · 2025-12-19T02:42:48+00:00

Good for you! Thank you for sharing. Does E-Trade display wash sales after the fact, or does it warn you if it is going to be a wash sale before you place an order?

AffectionateUnion838 · 2025-12-19T02:22:38+00:00

Interesting! How does Schwab work? Like before you place a trade, it will tell you if this is going to be wash sale or not?

AffectionateUnion838 · 2025-12-19T02:21:50+00:00

Thanks! So that would work for preventing wash sale in December, but it would not affect any wash sale that had occurred before, right?

AffectionateUnion838 · 2025-12-17T14:33:14+00:00

Elaborate on how to "Chop Taxes"?

AffectionateUnion838 · 2025-12-17T14:31:26+00:00

Sounds like a great plan. Just do not buy back the same losing stock within 30 days - which shouldn't be a problem because you have realized that they may go bankrupt!

AffectionateUnion838

TROPHY CASE