Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 04-05-2014, 05:23 PM
kylezachary
 
Posts: n/a
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.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
how do I calculate disallowed wash-sale losses??? disallowed Capital Gains 6 02-19-2013 12:17 PM
Reporting Disallowed Wash Sale Losses JMSS Capital Gains 1 03-20-2012 05:14 AM
What are the strategies available to avoid to the Wash Sale rules? TaxGuru Capital Gains 0 01-21-2011 01:29 PM
Wash Sale questions. aurdav Capital Gains 1 02-27-2009 12:37 PM
What does Wash Sale Rule mean and could it apply in my situation? presley Capital Gains 0 01-11-2008 02:55 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning