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Investors & landlords
your trades are covered trades.
This means the broker must track your basis, including wash sales and report same to the IRS.
At tax time, file the consolidated 1099-B results your broker send to both you and the IRS.
Advice: avoid wash sales, the reporting is painful at tax time since IRS requires all the details of every wash sale..
‎July 23, 2021
1:39 AM