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Old 04-05-2014, 05:23 PM
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Wash Sale Help

I am new to investing on my own and I have a concern I hope someone can help with. I use tradeking and they gave me completed 1099B and a 8949/ Schedule D form.

I had many wash sales during the year and so I will have to pay more in taxes than I really earned, but I can't quite tell what I will have to pay taxes on. My 1099 B says I have one number for wash sales disallowed and it makes it look to me that I will have to pay a lot on taxes, but my 8949/schedule d has a number for my capital gain and it is a much more reasonable number. Does anyone know where exactly I need to look and on which form in order to see what amount I will be paying taxes on, considering I do have many wash sales?

I will be talking with a professional to help me file my taxes. This is more to put my mind at ease before I do next week.

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