guowil
New Member

Get your taxes done using TurboTax

I understand the wash sale now. So I have a question. For all those trades which caused total 6500 disallowed loss, do you have to enter those loss trading records into 2011's tax report? or you can just simple remove those and enter them with 2012 tradings when report tax for 2012? Cause finally if no wash sale anymore for the same stocks you trade, the final gain/loss amount is same, you can avoid the complicated cost base adjustment when reporting tax for 2012? Right?