Wash Sale Deferred Loss, how to recoup

[Scataphagos]

What happens to Wash Sale Deferred Losses if I stop trading the Stock and never trade it again? My Deferred Losses just seem to keep adding up year after year to numbers like 10 times my whole Portfolio Balance....Do I end up paying Taxes on money I didn't really make and the Deferred Losses just sit there forever and I never get to take it against my gain???? For Example I have a ridiculous number of 13 Million dollars showing up as a Deferred Loss in FB but I don't trade FB anymore and I never had anything close to 13 Million dollars in my Account. I have 66K showing up as a Deferred Loss in LYFT but I don't trade that anymore.

Been a while since I was involved in this, but I believe you can "adjust your cost basis" in a future transaction... doesn't have to be in LYFT.

The wash sales rules are an accounting pain in the neck with little financial consequence beyond moving tax from one year to the next.... the rules should be abolished.

Seek pro accounting help. Worst case scenario is that you get to carry your losses forward and write them off against income @ $3,000/year.