Conversation

Trader Brian Jones

I'm a stock trader. Certain stocks are very volatile. I'm buying a stock, it goes higher I sell some or all. It goes lower. I buy it again. It goes higher I sell again. Goes much lower again I buy again. The way you protect yourself. I might trade the same stock 10 times.

6:17 PM · Oct 13, 2021Twitter Web App

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GROM perfect example

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How about wash sale rules aren’t you scared of that

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Trader Brian Jones

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Brokers should report wash sales to the IRS on Form 1099-B and provide a copy of the form to the investor, but they're only required to do so per account based on identical positions. This means that transactions can—and often do—fall through the cracks.

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