rcerveny2002
Returning Member

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