Theoretical question here..
I use Fidelity, hoping responses can be in the context to how they post wash sales.
10 shares of AMZN are sold for a loss of $1 each, $10 total loss.
10 shares more are purchased same day resulting in a wash sale. These purchases show a W and the cost value has an added $1/ share
If you continue to buy 10 more shares, these also show a W and the cost value goes up $1/share.
In this example, your loss on sale was $10 but fidelity is showing a total added cost of $20 on the 20 stocks you purchased.
My question is, for the 30 day period that the was sale exists post sale - do I have to pay a higher amount on every share I purchased? Or will the total loss be averaged out across the total amount of shares that were purchased during this period?
I freely accept that I may be misinterpreting certain aspects and welcome any correction or clarification
[link] [comments] https://www.reddit.com/r/stocks/comments/14rg46l/wash_sale_question_in_comments/
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