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Investors & landlords
Can you explain this a little further for me. So, I am right that Selling the securities in 2022 makes all disallowed wash sales realized and factored into my net gain/losses right? Do I have to do make those sales by a particular date? I have been told by the end of November so the 30 day period expires by the end of the calendar year? Also, so I am unclear on what you are saying in regards to the wash sales that may crossover the two brokerages. Are you saying I should go through all transactions to find those and report them? You said strictly speaking I should do that. Or, are you saying I am good to go and there is not need to do that? Will the IRS understand these crossover wash sales are realized and not need them reported as well?
‎February 18, 2023
8:31 AM