- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
State tax filing
Right now I am trying to figure out what total I should use for what I made in 2020. I already know that it is not the amount I am being taxed on federally because of wash sales. So the options are
1. end of 2020 account balance - start of 2020 balance = (gain)
2. The total I get from allowing the wash sales that are disallowed = (big loss)
My 1099-B is 842 pages. So I am just going with summary numbers.
I will be declaring Mark-to-Market stating in 2021 since I will have no problem getting Trader Tax Status
March 4, 2021
12:57 PM