Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

My Brokerage statement shows “Adjusted due to previous wash sale disallowed loss” what does this mean?
Summary of accepted answer: Your "loss" will not count as a loss (to the IRS).  Which means no tax deduction for a "short-term capital loss" (on that sale). Instead, the IRS simply pretends like you had paid less for the stock to begin with.