Hi JamesG1-
Thanks for your response.
Yes, the 5 lines all represent the same sales category, short term noncovered, basis not reported to IRS, box B checked.
All 5 lines have exactly the same date acquired, and date sold, and the 5 amounts for proceeds in each line total to the $25,000 total transaction proceeds on the date sold.
However, the first 4 lines are showing an amount for Wash Sale Loss Disallowed, and the 5th line is showing a Loss Amount (no wash sale on that one).
The proceeds amounts for the first 4 lines each match up with purchases of the same mutual fund that were within the 61 day window for wash sales, so it seems that is just showing how the wash sale amounts were calculated.
Since the date acquired, cost basis, wash sales, and gain/loss for this sales category are NOT reported to the IRS, all the IRS would see is 5 different proceeds amounts with the same date sold that total to $25,000, nothing else.
Are you sure that my broker would send a 1099B to the IRS that shows all these 5 lines, instead of just one line showing the $25,000 total sale and the date sold for that entire transaction?
If so, if I aggregate them into one TurboTax record with same date acquired, same date sold, total the proceeds to $25,000, total the Cost Basis, total the Wash Sale Disallowed, total the Gain/Loss amount, will I get in trouble with the IRS?
Please advise.
Thanks!
