I did a lot of trading in 2011 with just a few ETFs and hence incurred the "wash sale" problem. My real profit was about $2500, but Schwab has reported a net gain of about $9000, because many of the wash sale losses were disallowed. All my shares were bought and sold--i.e. I don't hold any shares currently. Does anyone know how I can avoid paying tax on 'profits' I didn't have??? This must be crucial for "traders". Can this be handled in Turbotax? I also read about a product called Tradelog. Anyone have any experience with this?
