1. I plan to import the 1099-B from two brokerage accounts when they are available.
2. The problem is that the wash sales are across different brokerage accounts, and the broker where I sold doesn't know about a purchase from a different broker.
3. I am preparing my knowledge now because I never deal this before.
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 in broker A to close out this looser for good.
So, broker A does not know I have shares in broker B and vice versa. I guess 1099-B from broker A and B will not calculate wash sale.
Obviously 4.3 is a wash sale. I think I need to modify this sale record to put in wash sale amount $600, new acquired date from 4.1 and new acquired amount for 100 shares from 4.1. By doing this what category I need to put this sale record in? short term cost base reported, short term cost base not reported or short term sale not reported? Do I need to put in the code T besides W?
Then I need to modify the sale reported by broker A for 4.5 with new acquired date from 4.2, new acquired amount from 4.2 and add wash amount $600 from 4.3 to calculate new cost base. For this entry 4.5 I probably need the code B but not sure the code T. By doing this what category I need to put this in? long term cost base reported, long term cost base not reported or long term not reported?
Please help!
