bf8282
New Member

1st tax season after day trading + wash sales

Hello I have a family accountant helping me with my taxes, and I started day trading in 2023 so this is my first year reporting on it. [Please be kind]: I admit I jumped in without enough preparation and studying, and took losses and $16k with of wash sales. 

 

Questions: 

(1) Does my accountant need ALL transactions listed on the 1099, or only the main gains/losses sections? I'd like to avoid supplying every single transaction if possible. 

 

(2) I understand I have to report the Wash Sales in a form 8949 with code "W." Can I simply enter only the securities with the wash sales, or do I have to have every transaction for the whole year? 

 

In general, what would be the easiest approach to file so I can share with the IRS whatever info they need, taking into account my wash sales of $16k?