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Capital Gains Tax — day trader wash sale confusion

Started by first_time_driver_2025 · Jun 26, 2025 · 1,226 views · 14 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
FT
first_time_driver_2025 OP

I'm dealing with a situation and need some guidance.

day trader wash sale confusion. I've been dealing with this for about 2 weeks now and the situation isn't improving.

I have already done some research online but did not get a clear answer.

What's the typical outcome in situations like this?

TL
Mod_TermsLaw Moderator

I've handled similar cases. Here's my take on the legal issues.

The key question is whether the applicable statute of limitations has run. Depending on your jurisdiction, you typically have the relevant statute years for this type of claim.

One important thing — there are strict deadlines for filing these claims. Don't wait too long.

MA
MusicProducer_ATL

I've seen this play out several times in my field.

I ended up filing with the appropriate government agency, which cost about $4-8 but saved me a lot more in the long run.

CA
CorpCounsel_Amy

I've dealt with this before.

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.

FT
first_time_buyer_WA

Have you tried reaching out to your state's bar association? They sometimes have free resources or mediation services.

NH
need_help_tenant_2026

NAL, but from what I've read, you should document everything. That said, definitely get a lawyer to look at the specifics.

NH
need_help_employee_question

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

FK
FreelancerKate

Not a lawyer, but I have direct experience with this.

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

VA
VCAnalyst_SF

I've dealt with this before.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

NL
NursePractitioner_LA

I've seen this play out several times in my field.

The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

TB
throwaway_business_owner_legal

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

SB
SmallBizOwner_NYC

I've seen this play out several times in my field.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

JC
just_curious_tenant_FL

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

AS
anon_student_2024

Have you tried reaching out to your state's consumer protection office? They sometimes have free resources or mediation services.

NH
need_help_business_owner_2024

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

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