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I am new to stock trading. First year. I have two brokerage accounts and have been trading the same stocks on both. I want to be ready for tax time and I can't figure out if I consider cost basis for a stock from the account the account I sold the stock from or from both accounts.
For example I bought some APCC in acount A and then some in account B. Later I sold some from account B.
Do I use the cost of the shares from account B or A? A
would be the account with FIFO.
I also have some potential wash sales. Sold some stock for a loss in account A and then bought some within 30 days in account B.
Does this make sense?
Thanks in advance to anyone who can help.
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