Hi Mike. "sales price vs this adjusted tax basis is what determines if you have a wash sale or no" is a key piece of information for the edification of the community, however I don't believe you are addressing my question. Given a wash sale, how is the disallowed loss, which will almost certainly be different from what the brokerage is reporting, in light of the above statement, tracked and recaptured? As you know, in the case of most securities, one, and usually the broker, would adjust the basis and purchase date of the lot triggering the wash. I'm wondering if I have to inform the K-1 preparer of this.
