- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Thank you for your reply. It looks that I can do the followings
Short term sales (one account has wash sales):
1. For one brokerage account, enter each wash sale on Form 8949, then enter the wash sale total on Schedule D line 1b
2. Subtract the total of the wash sales from the total of all the stock sales in this brokerage account to get the "non-wash sales" numbers, and put on Schedule D line 1a
3. For the other brokerage account that do not have adjustments, combine the stock sale total of this account with the non-wash sale total of the account per #2 above and put on Schedule line 1a.
Long term sales - either account has no adjustments
4. Combine the long term sales for both accounts and put on Schedule D line 8a.
Result -
Form 8949 - shows wash sales only
Scheule D
line 1 a - shows combined totals of one brokerage account (net of wash sales) and another brokerage account with no adjustments
line 1b - shows total of wash sales from 8949
line 8a - shows combined totals of two brokerage account that the long term sales do not have adjustments.
There is need to attach brokerage statement.
Just want to confirm. Thanks much.