Wash sale rule for day traders

tradingpoker · Apr 18, 2022

How does the wash sale rule effect day traders in the UK?

Trading equities and basic options.

Say this month I have tradedTSLA over 100 times, but I am close to break even as of now. Does that mean I could owe a ton of tax?

Please use the above example for trading equities and options.

Thank you for your time and help.

ajacobson · Apr 18, 2022

The UK allows lot averaging which changes the equation totally and kind of evens out the calculation, but you should still consult a UK tax guru.

HlibKozakXX · Apr 19, 2022

Sounds like a reason to trade through prop..

The_Krakenite · Apr 19, 2022

Maybe there is a UK version of Tradelog? Wash-sales headaches is supposed to be one of the primary reason people pay for the subscription.

http://www.tradelogsoftware.com/pricing

Wash sale rule for day traders

tradingpoker

ajacobson

HlibKozakXX

The_Krakenite