Hi, My name is Andre. I’m a semi-retired, ex-tech worker, who spends his time arguing with people on the internet about wash sales. Someone told me I was wrong...
I went through this exact same debate in 2022 when a sold a bunch of stock at a loss but also vested within 30 days.
My sister works as a tax strategist at a wealth management firm in an area where RSUs aren’t super common. I asked her if RSUs trigger a wash sale.
She said her company-wide chat was abuzz debating this same topic for hours. Eventually, I believe we settled in the same place as everyone on your thread. Everything from Chase still noted the losses so I believe we took the gamble and I’m pretty sure I’m still carrying over those losses even if it’s a gray area.
I just hope no one from the IRS is reading this. 👀
I can't help but remark: you didn't just correct them, you rubbed it in! "You're wrong, you're giving bad advice" :-) In public no less! It's not surprising they got defensive and dug in!
I went through this exact same debate in 2022 when a sold a bunch of stock at a loss but also vested within 30 days.
My sister works as a tax strategist at a wealth management firm in an area where RSUs aren’t super common. I asked her if RSUs trigger a wash sale.
She said her company-wide chat was abuzz debating this same topic for hours. Eventually, I believe we settled in the same place as everyone on your thread. Everything from Chase still noted the losses so I believe we took the gamble and I’m pretty sure I’m still carrying over those losses even if it’s a gray area.
I just hope no one from the IRS is reading this. 👀
Nice job as always! :-)
I can't help but remark: you didn't just correct them, you rubbed it in! "You're wrong, you're giving bad advice" :-) In public no less! It's not surprising they got defensive and dug in!
Does Schwab indicate wash sales for RSUs on the site or on your 1099-B? I haven’t seen it before