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Financial Planning / Tax Strategies
|Subject: Wash Sale||Date: 10/11/2012 7:43 PM|
|Author: TheTortoise||Number: 116783 of 121114|
Trying to finish up my 2011 return, and this wash sale has my mind boggled. I switched brokers in 2011, which I expect has no bearing on how the wash sale gets reported … but I’m confused anyway. All trades were made in 2011, and thus were short-term ... one small blessing.
I bought 130 shrs. of a position at Broker A on 01/04, and sold all 130 shrs. for a loss on 03/17 … still at Broker A.
Forgetting to check the date, I bought 270 shrs. of the same position at Broker B on 04/12. Then on 05/31, I decided it was too risky and sold off half … 135 shrs.
What is the best way to report this on the 2011 Schedule D?
And since I sold the remaining 135 shrs. in 2012, will they just be reported normally?
Thanks a bunch ...
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