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Randy Alm
Returning Member

wash sales

I down loaded my stock transactions for 2021 and have a few wash sales listed.  These sales should be adjust to true losses.  How do I change the imported information to show the true loss.  Thanks

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2 Replies

wash sales

Wash sales are reported as shown on your 1099-B.

If you change it, you are filing a false tax return.

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You broker is required to track your gains and losses on covered transactions.

wash sales

what happens is that the broker adds the wash sale loss to the tax basis of the replacement shares. no adjustment by you should be necessary and if you do, you might expect a notice from the IRS because your filing won't match their records.

 

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