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Multiple 1099 form expected 2021 and wash sale rules
Hello,
Hopefully I can get some insights. I use 3 different brokers for various reasons (Crypto, option level differences, user interface), meaning that by end of JAN2022, I should receive 3 different 1099s.
I tried to avoid crossing the line that if I buy stock A in broker #1, then I wanted to avoid buying option in Broker #2, but it wasnt that easy to avoid the situation when I saw that prices would go or down upon stock price surging or plunging.
With that in mind, what should I do in order to avoid messy wash sale rules next year? Will Turbo tax service provide and cross reference between each broker's 1099 to ensure that wash sales are disallowing the tax loss or not?
Starting this year, I do both frequent day trading as well as call/put spread, so I want to know some damage control so I dont have to spend over night just to figure out these transaction history and wash sale rules.
Thank you