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Get your taxes done using TurboTax
>>The issue is any adjustments e.g. wash sales, will trigger the need for the details and ask you to mail things in.
>No; that's not an issue. The individual brokerages correctly report wash sales so far as I know etc
Just to clarify I'm referring to any adjustments reported on the 1099 by the brokerage, I am not doing the adjusting to what is reported. Unintentional wash sales happen sometimes on dividend reinvestments etc. The other adjustment that can trigger mailing ask is accrued market discount on T-Notes.
@swabbinsky suggests the mailing can be ignored, and I am sure IRS don't care below some threshold. But that's above my pay grade. Personally I prefer to just put in the detail and be done either way.
‎February 7, 2025
4:24 AM