The Traderszone Network

Published in TZ Latest News 8 September, 2017 by The TZ Newswire Staff

effect of wash sale rule across multiple accounts

There is one stock I have actively traded this year in two different accounts.

I just read that the wash-sale rule applies across multiple accounts, and I want to make sure I understand the implications of this.

I know of course that each individual broker automatically adjusts for wash sales,

As long as I have completely closed out my identical stock positions in in both accounts by eoy, I gather the numbers would add up correctly despite the fact the stock was traded in two different…

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