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Financial Planning / Tax Strategies


Subject:  Re: federal income tax questions Date:  3/3/2021  6:17 PM
Author:  vkg Number:  132146 of 132640

That is an adjustment which can only be reported on Form 8949. The shortcut reporting (using totals only on schedule D) is only possible when there are no adjustments.

The Consolidated 1099 I received from Fidelity did decrease the cost basis for the wash sale and reported the adjusted basis when those shares were sold.

The summary for covered stock sales were accurate including the wash sale.
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