Capital Gains Tax.zip





Does the Wash Sale Rule Apply Across Spouses and Multiple Brokerage Accounts?

Created at 98.**.204.45 1,065 1 0

Today, I sold 170 shares of QQQ at a loss to harvest tax losses, because I have a large capital gain from recently selling a rental property.

When I asked Google and ChatGPT, they said that QQQ bought within 30 days in other accounts—and even in my husband's account—would trigger a wash sale, so I would have to sell all those QQQ shares purchased within 30 days in other accounts as well.

However, a Fidelity employee told me that it doesn't matter if the accounts are different. Is the employee's advice correct?

Experts, please let me know!

Thank you.

 

Tags Capital Gains Tax Fidelity Wash Sale IRS Tax Rules Multiple Account Wash QQQ Wash Sale Spouse Wash Sale Stock Tax Loss Tax Loss Harvesting Wash Sale Period Wash Sale Rule Facebook X
Comments 1
156.**.19.118
If you audit-proof your taxes, you are legally required to self-report cross-account wash sales on your Form 8949, even if your broker's 1099-B says otherwise.
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