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Wash Sale Between Brokers

I made some mistakes and have a few wash sales between brokers. How do I go about editing to show the wash sale? Can I do this in Deluxe?

 

Also, is it a wash sale if you purchase the same security on the same date and then sell on the same date but in different brokers (both sadly losses)?

 

thank you,

 

David

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4 Replies

Wash Sale Between Brokers

if you purchase on the same date you sold, that is clearly within the plus or minus thirty-day window that triggers a wash sale.

Wash Sale Between Brokers

I might not have been clear - I didnt buy and sell on the same date. I bought the same security on the same date from 2 brokers, then later on sold the security from each broker on the same date.

 

Does that make more sense?

 

thank you,

 

 

Wash Sale Between Brokers

(both sadly losses) are you saying you sold a security held by one broker and on the same date bought and sold the same security with a different broker? and then within the 30 day period did not reacquire the security? 

Wash Sale Between Brokers

I will use this example to better articulate what happened:

 

January 1st I bought the same security from Broker A & Broker B. Might not be the same exact time but the same date.

February 12th I sold the same security from Broker A & Broker B. Both for a loss :(. Might not be the same exact time but the same date.

 

Hopefully that makes more sense.

 

Also - any idea how to edit turbo tax to show wash sales (other ones that I am 100% sure are wash between brokers).

 

thank you kindly,

 

David

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