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  1. Biggest Winning Days Success Journal (most recent 4/23 Up $3,400 :)

    Exactly! I realized that during 80-90% time market is truly unpredictable and random. Most (amateur) traders cannot make any statistically...
    Post by: Jzwu2017, Apr 24, 2022 in forum: Journals

  2. Wash sale loss disallowed.... skip December?

    Yes, that’s the key as long as the final total P/L numbers are correct. That’s all that matters. I think 1099 uses some kind of software to...
    Post by: Jzwu2017, Apr 12, 2022 in forum: Taxes and Accounting

  3. Wash sale loss disallowed.... skip December?

    Guys, don’t fret about wash sales or disallowed losses. Wash sales are just a label put on those trades defined as wash sales by IRS. They don’t...
    Post by: Jzwu2017, Apr 11, 2022 in forum: Taxes and Accounting

  4. Wash sale loss disallowed.... skip December?

    Sorry, cannot download the pdf file.
    Post by: Jzwu2017, Apr 9, 2022 in forum: Taxes and Accounting

  5. Wash sale loss disallowed.... skip December?

    I think the complexity lies in the fact that if you keep trading the same stock the wash sale thing goes into a perpetual cycle. For example, if...
    Post by: Jzwu2017, Apr 8, 2022 in forum: Taxes and Accounting

  6. Wash sale loss disallowed.... skip December?

    That’s right! I have wash sales in my transactions throughout the year. They label a “w” sign on the trades as wash sales. However, the...
    Post by: Jzwu2017, Apr 8, 2022 in forum: Taxes and Accounting

  7. Wash sale loss disallowed.... skip December?

    Did you ask your broker who did your 1099-B about your wash sales?
    Post by: Jzwu2017, Apr 8, 2022 in forum: Taxes and Accounting

  8. Wash sale disallowed losses in day trading

    I think I figured out my wash sale issue on my 1099-B. In Dec. 2021 I traded 870 shares of TSLA and there were some losses. In Jan. 2022 I traded...
    Post by: Jzwu2017, Apr 7, 2022 in forum: Taxes and Accounting

  9. Wash sale loss disallowed.... skip December?

    Found this link talking about wash sales on different number of shares. https://www.firstrade.com/content/en-us/accounts/taxcenter/?h=washsales
    Post by: Jzwu2017, Apr 6, 2022 in forum: Taxes and Accounting

  10. Wash sale loss disallowed.... skip December?

    I know the complications. The good thing is I only have one brokerage account where I trade equities only.
    Post by: Jzwu2017, Apr 4, 2022 in forum: Taxes and Accounting

  11. Wash sale loss disallowed.... skip December?

    Well, as long as you only have small losses per trade it’s ok. Those disallowed losses will be absorbed (cost basis adjusted up) by later winning...
    Post by: Jzwu2017, Apr 3, 2022 in forum: Taxes and Accounting

  12. Wash sale loss disallowed.... skip December?

    I looked at my 2021 trading transactions today. It seems to confirm what I said above. If you traded 1000 shares of xyz and had a loss. Then, you...
    Post by: Jzwu2017, Apr 3, 2022 in forum: Taxes and Accounting

  13. Wash sale loss disallowed.... skip December?

    In your trades in 2021, were they of the same quantity or shares? If your first losing trade was 100 shares but your subsequent trade was only 50...
    Post by: Jzwu2017, Apr 3, 2022 in forum: Taxes and Accounting

  14. Wash sale loss disallowed.... skip December?

    That I believe is true.
    Post by: Jzwu2017, Apr 3, 2022 in forum: Taxes and Accounting

  15. Wash sale loss disallowed.... skip December?

    In my case, I did trade the same stocks in Jan. 2022 as those in Dec. 2021 to trigger the wash sale rule. I will check my trading records during...
    Post by: Jzwu2017, Apr 3, 2022 in forum: Taxes and Accounting

  16. Wash sale loss disallowed.... skip December?

    I think the wash sale rule is pretty clear. How we interpret and deal with it is the issue.
    Post by: Jzwu2017, Apr 3, 2022 in forum: Taxes and Accounting

  17. Wash sale loss disallowed.... skip December?

    Look at my post #42. Does it make sense to get rid of wash sales?
    Post by: Jzwu2017, Apr 3, 2022 in forum: Taxes and Accounting

  18. Wash sale loss disallowed.... skip December?

    Let’s say you bought 100 shares of xyz at $100 price and sold them at $50. You lost $5000 in this trade. Then, within 30 days you bought 50...
    Post by: Jzwu2017, Apr 3, 2022 in forum: Taxes and Accounting

  19. Wash sale loss disallowed.... skip December?

    This doesn’t make sense to me.
    Post by: Jzwu2017, Apr 3, 2022 in forum: Taxes and Accounting

  20. Wash sale loss disallowed.... skip December?

    Do you know why?
    Post by: Jzwu2017, Apr 3, 2022 in forum: Taxes and Accounting
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