I put on some $20/$30 and some $25/$39 box spreads. I closed out the $20/$30 for a profit before year end. The $25/$39 are still open, but will be closed before 30 days. My question is does the profit on the entire $20/$30 spread aggregate as a net profit(thus no wash sale impacts) or would each leg be counted individually(I took a loss on some of the legs) and thus create a wash sale when I exit my $25/$39 spread.
Thanks for the help!
My understanding is that different strikes / maturities of options are not substantially identical to each other. however, if you trade the $20 leg at a loss and later rebuy it, that could trigger a wash sale. So since you don't seem to have any of the same strikes, I don't think you'd get a wash sale. I'm not an options tax expert, so double check this.