as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
my brokerage statement shows adjusted due to previous wash sale disallowed loss what does this mean?
user
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.
assistant