Robert A. Green
Registered: Nov 2007
03-21-12 01:43 PM
Yes, brokers have filed these 1099-Bs with incorrect wash sale information with the IRS. Although, taxpayers are requesting corrected 1099s from brokers, some brokers may not have solutions in place to correct the wash sale information.
We currently recommend reporting correct trade accounting, including wash sales on your Form 8949. Show the difference between your trade accounting and your 1099-Bs, so the IRS can match your reconciliation differences.
We recommend extension filings and we hope to narrow the gulfs here after April 15th. We expect corrected 1099 filings, and hope the IRS provides some relief, like not matching cost basis, and issues further guidance.