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Pastimes : Investor Accounting
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From: HIA3/6/2012 5:20:42 PM
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Also, as I said before and which was my intended subject, the new IRS wash sale accounting can't be based on an accounting of transaction confirmations or on monthly statements but must be based on the 1099-B .

That's because the new 1099-B doesn't adjust the basis of the wash position but leaves that to the Form 8949 . However, the 1099-B does adjust the basis of the later position to correct for the wash sale adjustment .
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