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Author: ptheland Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 124982  
Subject: Re: Wells Fargo 1099 & Wash Sale Date: 5/17/2012 2:50 PM
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Frankly one of the major frustrations was that his Wells Fargo "financial advisor" absolutely refused--or was truly incapable himself of understanding it--to make a definitive statement as to which was correct. He hid behind the "we can't give tax advice" line, when I clearly wasn't asking advice, but rather confirmation of veracity of information--an entirely different category of question. "Is this accurate, or is that?" That's not seeking advice.

Once again, I've got to agree with the Wells Fargo advisor. (Hang on a second while I finish gagging over that statement. I'm not fond of Wells Fargo Advisors in general.) You were indeed seeking tax advice. You were asking how the transaction should be reported on a tax form - a 1099 in this case. And he quite rightly brought up the tax advise line.

Perhaps your father's tax accountant was doing more than just keypunching??

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