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PSA: day trader wash sale confusion

Started by diana_v_12 · Oct 29, 2024 · 2,419 views · 5 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
DV
diana_v_12 OP

I'm in a difficult situation and trying to figure out my next steps no cap.

day trader wash sale confusion. I've been dealing with this for about 9 months now and the situation isn't improving.

I have already tried to resolve this directly but got conflicting advice.

Should I hire a lawyer for this or try to handle it myself?

FP
fine_print_reader_9

Been there. Here's what I learned.

What worked for me was having everything documented. It took 3-6 months but was worth it.

PS
pro_se_disaster_6

Not surprised at all tbh.

A lot of people mess up by is having everything documented. I'd recommend keeping a detailed timeline instead 🤷.

DV
diana_v_12

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

In my case, it took about 3-6 months to resolve. The key was having everything documented.

CA
cant_afford_a_lawyer_22

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

LE
legal_eagle_wannabe_28

Following this thread — Subscribing to this thread. In a similar spot.