Question about taxes...maybe someone can help me here....
So I have a few trading accounts and one trading account has XYZ stock at a loss, I did NOT sell it and take the loss yet, however I have another account I just opened up and started trading that same XYZ in my new account, now if in my new account I buy and sell the XYZ stock and make a tiny profit, does that mean I cannot take any of the losses in my other account that holds XYZ? Even though the losses outweigh the gains in my new account?
Basically what I'm asking is if I trade two of the same stocks in 2 different accounts can I possibly lose out on being able to claim losses on the first account that I have losses in even if I make little to no profit on XYZ in my new account?
Has anyone ever traded the same stock in two or three different trading accounts?