This year when the market went down I sold all of my shares of S&P and bought Total Market (did the transactions on the same day, taxable account). I was patting myself on the back for TLH and thought I was booking about a 25K loss. I did not check the cost basis and did not do it in lots. I recently looked at my realized gains and realized I was an idiot. It had gone up a lot since I bought it a few years ago. So instead of booking a loss, I created a capital gain which I think will cost me about 8K in taxes for this year.
Like most people learning lessons, I don't like it. I realize this is likely a very stupid question, but is there anything I can do about it? Could I somehow file an appeal to recategorize it wash sale or something similar? Does the IRS allow capital gains do-overs![:D]( "Very Happy")
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Like most people learning lessons, I don't like it. I realize this is likely a very stupid question, but is there anything I can do about it? Could I somehow file an appeal to recategorize it wash sale or something similar? Does the IRS allow capital gains do-overs
?Statistics: Posted by brocker — Wed Oct 01, 2025 4:44 pm — Replies 0 — Views 8