1. Yes, I plan to import the 1099-B from three brokerages when they are available.
2. Yes, the problem is that the wash sales are across different brokerages, and the broker where you sold doesn't know about a purchase from a different broker.
3. I am preparing my knowledge now because i never deal this before. I do not have too many, maybe couple of them.
4. Let me give you one example:
4.1 I bought 200 shares of ABC for 10 dollars in 2018 in broker A.
4.2 I bought 100 shares of ABC for 5 dollars on 3/21/2019 in broker B.
4.3 I sold 100 shares of ABC for 4 dollars on 4/11/2019 in broker B.
4.4 I sold 100 shares of ABC for 3 dollars on 5/2/2019 in broker A.
4.5 I sold 100 shares of ABC for 2 dollars on 12/18/2019 to close out this looser for good.
So, broker B does not know I have shares in broker A and vice versa. I guess the 1099-B from broker A and B will not calculate wash sale. Obviously 4.3 is a wash sale. I guess I need to modify this entry reported by broker B for 4.3 for 100 shares with a wash sale amount: $600 and code W, new acquired date from 4.1 and new acquired amount from 4.1. Then i need to modify the entry reported by broker B for 4.5 with new acquired date from 4.2, new acquired amount from 4.2 and add wash amount 600$ from 4.3 as new cost base. For this entry 4.5 I probably need the code B but not sure the code T. Will all this described by me be done by Turbotax software? Am I on the right track?
