Washsale between 2 accounts when at year end all positions are closed

[Ray1]

Do I need to ask my brokers to adjust their 1099B forms when I have had same securities traded on both accounts and resulted profit and losses, while I have closed all of the positions in both accounts by year end? or since there is no carry-over to next year, it doesn't matter? In reality I'll claim all profit and losses for 2022 and I am planning not to trade those securities at least for 31 days after the last trade.

[tagteam]

@Mike9241 

[NCperson]

@Ray1 - if you closed out all the positions in both accounts and do not trade for 31 days, there can be no "wash-sale" 

technically, some of the trades may have been subject to washsales, but since you closed out all the positions by year end (and won't trade them for 31 days),  the tax reporting will not be adversely impacted.  

[Mike9241]

you can ask the broker. will they do it  - don't know. does it matter?  maybe! because with wash sales the holding period of the wash sale shares adds on the holding period of the replacement shares thus possibly converting short-term gains/losses into long-term.

also while you closed out all positions by the end of 2022 if you buy replacement shares in January 2023 during the 30-day period after the sale of shares at a loss you will have a wash sale that will affect 2022. 

[Ray1]

yes, thats what I thought. thank you

[fanfare]

you are responsible to make your own wash sale accounting adjustment if you use two different accounts.

transactions with adjustments must be reported in detail on Form 8949.

Since you closed everything, what would be the point ?

Maybe you are the fastidious type or one who fears the IRS will jail them (like my sister), but the net gains/loss is still the same on that security.

replacement shares is a misnomer,

the IRS terminology is identical security.

@Ray1