Quick update - I am still going through my wash sales with Robinhood (I know... yes, filed extension) but so far, everything checks out. Quite a few left to look at, so not closing the books here yet. Couple of comments:
- my current main complaint is that they don't give any analysis of the wash determination; particularly bothersome to me is that I don't have reliable information on the current basis of stocks that were adjusted for (in my case options) wash sales.
- I asked explicitly about the wash rules for isolated option transactions and finally got a reply:
For Options, we follow the industry standard of processing wash sales by CUSIP. This means all aspects of the contract must be the same: underlying, direction, call or put, expiration, and strike.
Note that they do tie stock transactions to long option transactions, as I think even the IRS examples show. I have washes from losses on, say, AAPL calls when I made AAPL stock purchases in the 61-day window.
My confidence in their accuracy has increased since I first posted, but as I said, still a chunk of cases to look at.
-William
