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Investors & landlords
IRS requires that the details of any wash sale are reported on Form 8949.
That's the "simple" complication.
Your broker is required to track wash sales for you and put the details on the consolidated 1099-B.
There can be other "nasty" complications for active traders who buy and sell the same security frequently.
For this reason, wash sales are to be avoided where possible.
‎July 5, 2023
11:40 PM