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Investors & landlords
@Critter-3 Yes, I reviewed the transactions and Robinhood, the broker, is not adjusting the cost basis. It appears their software catches and flags whenever a subsequent purchase of the same CUSIP is made within 30 days of a loss; however, does NOT carry forward the wash sale amount to adjust the cost basis on purchases of the same CUSIP after 30 days has elapsed and as a result, the wash sale is never cleared.
It caught my attention because I sold 100% of my portfolio last September and didn't make another purchase for the remainder of 2022. Consequently, I should have disallowed wash sales, but that's not what my 8949 is reporting.
‎April 12, 2023
8:39 AM