We prepare a Schedule D1 - which is the official IRS continuation sheet for Schedule D |
All the reportable wash sales are properly accounted for in the body of the Schedule, as prescribed by the IRS in the Schedule D instructions, as well as the IRS Pub 550.
For your own records, we include a summary report, that will explain to you the effect of wash sale losses on your tax situation. It may look something like this:
"There's no risk-free way to get around the wash sale rule." -- Kaye Thomas
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