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Old 03-17-2012, 03:22 PM
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Reporting Disallowed Wash Sale Losses

Hi,

I have 13 Wash sales that have losses. THese trades happened within days of each other. They are identical securities. My consolidated 1099 from Ameritrade calculates a "Disallowed Wash Sale Loss" (Line 5). I am confused by how to report these. Is the entire $4,500 loss calculated by Ameritrade disallowed? I read on the IRS site that the loss of one sale gets added to the basis of the other sale, and the acquisition date changes. Do I need to roll forward all of these or do I just enter the calculated loss from Ameritrade on Sched D? If all of the securities were sold Dec 29th does this change the wash sale?
Thanks!



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