Disallowed Wash Sales over Two Submitted Brokerages
Hello, I have a few questions. I have uploaded two different brokerage 1099 forms to Turbo Tax. I have Disallowed Wash Sales on both, however because I sold all the securities relating to those in early November od 2022 I believe they are not factored into my Net Gain/Loss and so far Turbo Tax is reflecting that in the totals.
However, I may also have Disallowed Wash Sales because of crossover buys and sells from the two brokerages as well because I bought a security at a loss and repurchased it in the other brokerage within 30 days. Again though, all these securities have been sold in early November 2022. My question is do I need to concern myself with these possible crossover wash sales and does Turbo Tax catch these on the 8949 from that has all the transactions when the 1099 forms from the brokerages are uploaded? Will the IRS even concern themselves with these? I have ton of transactions and am hopeful I don't need to go through this and report any crossover wash sales. It does not seem like it would matter.
February 18, 2023
9:00 AM
