Federal Tax

  • 1.  Disputes on Wash Sales

    Posted 09-16-2021 12:07 PM
    Hello Everyone, 

    Anyone ever have a dispute with a brokerage company or the IRS in regards to wash sales. I believe that one of the many brokerage firms out there has made a mistake in the filing of a client's 1099-B where they did not enter in the wash sale into the basis of the new identical securities purchased within the allotted time frame of a wash sale. I believe they may be unwilling to correct the 1099-B and would like to take the correct steps to approach this matter. Anyone ever have a situation arise pertaining to the Wash Sale section of the IRS code. Thank you 

    Aman Amani

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    Aman Amani
    DIAPOULES & FEINSTEIN, PC
    Melville NY
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  • 2.  RE: Disputes on Wash Sales

    Gold Most Valuable Member
    Posted 09-18-2021 04:28 PM
    We have had a similar wash sale situation.
    The Brokerage firm refused to review, despite the client employed in the field.
    The Client and us tracked the 1099-B variance and applied the correct amount in the prior and next year.
    Jeffrey Winer
    S&G LLP



    Original Message


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The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting opinion.