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I've been told by TdAmeritrade that disallowed losses related to an underlying will be reconciled once all positions, including options are closed and a period of 30+ days passes with no activity with the underlying.

With no position in this closed underlying for months, I'm not seeing a reconciliation. IOW, a loss has not returned on the books where previously it was disallowed. Do I have to repurchase the underlying in order for the basis of those new shares to reflect the prior disallowed losses?

I appreciate very much some clarification on this matter.


Thanks,

HP
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