If I show a total loss for the year, will I be impacted by wash rule disallowed losses?

External question — Personal Finance Stack Exchange Author: Yerggy Original post: https://money.stackexchange.com/questions/137686 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. I tried day trading after losing my job. With a $25k initial investment, I traded heavily for a few months using margin. I was up about $5k and then took a huge hit on some options when the market corrected. The loss was about $16k. During the course of those months, I exchanged (I know, I was surprised too) about 14M worth of stocks and incurred about $750k of wash rule trades. Will I be super in trouble at tax time, or will I be ok since I show a loss anyway?