APDN
Applied DNA Sciences, Inc.
stock NASDAQ

I spent countless hours on this because I saw my wash sale loss section and freaked out. I thought they actually disallowed losses that I should’ve had. But then I went through individual transactions and did the math myself. My net losses ended up being correct on all of my transactions. I’ll even give an example here. My 1099 showed a disallowed wash on my APDN option of $50. I bought 2 options for $60 ($120 total) then added 2 more for $40 ($80 total), and then I added 1 more for $35. My 5 total contracts bought added up to a total of $235. These options weren’t doing so well, so I ended up selling all 5 options for $10 each ($50 total). My 1099 showed: total proceeds = $50, total cost basis= $285, Total wash disallowed= $50, and my net (loss/gain) = -$185. So my net loss was accurate. -$235 + $50 = -$185. They added the wash to cost basis I think, and then the final math took it out again. So the wash sale gets canceled out in the math. Either way, my net loss/gain ended up being accurate. I didn’t actually have any losses “disallowed”.

I spent countless hours on this because I saw my wash sale loss section and freaked out. I thought they actually disallowed losses that I should’ve had. But then I went through individual transactions and did the math myself. My net losses ended up being correct on all of my transactions. I’ll even give an example here. My 1099 showed a disallowed wash on my APDN option of $50. I bought 2 options for $60 ($120 total) then added 2 more for $40 ($80 total), and then I added 1 more for $35. My 5 total contracts bought added up to a total of $235. These options weren’t doing so well, so I ended up selling all 5 options for $10 each ($50 total). My 1099 showed: total proceeds = $50, total cost basis= $285, Total wash disallowed= $50, and my net (loss/gain) = -$185. So my net loss was accurate. -$235 + $50 = -$185. They added the wash to cost basis I think, and then the final math took it out again. So the wash sale gets canceled out in the math. Either way, my net loss/gain ended up being accurate. I didn’t actually have any losses “disallowed”.