Tax

Have a tax question? Ask a tax Expert

Connect one-on-one with {0} who will answer your question

Related Tax Questions
This is a sample of the Supplemental info for option
This is a sample of the Supplemental info for option transactions not reported at all on 1099B.… read more
taxmanrog
taxmanrog
Master's Degree
1,501 satisfied customers
While doing my 2013 return, I noted that Total Gross
While doing my 2013 return, I noted that Total Gross Proceeds shown on my 1099B included only Stocks. This total matched to the Gross proceeds shown under Short Term and Long Term transactions reporte… read more
DK_CPA
DK_CPA
Master of Science in Accounting & Taxationb
371 satisfied customers
I have tax question. It is late filing of 2013 return. Paper
It is late filing of 2013 return. Paper filing. I have about 500 sales of securities and options. About 10 transactions reported as wash sale disallowed. Because there are six Box 5 items (wash sales disallowed) am I now required to enter all 500 transactions ? Because this is more than 5 years old, there is no csv format and no import allowed by broker. All I have is 1099B pdf. What can I do?… read more
Carter McBride
Carter McBride
LLM
1,655 satisfied customers
On a 1099- in box 5 ( wash Sale loss disallowed) what does
On a 1099-B in box 5 ( wash Sale loss disallowed) what does this mean and is it reported ?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,949 satisfied customers
I have a quick question regarding wash sale loss disallowed
hi I have a quick question regarding wash sale loss disallowed and gain/loss column for an 8949 form … read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I had a wash sale on a MLP. Are they handled any different
I had a wash sale on a MLP. Are they handled any different in tax returns vs common stock? I.e. submitting ordinary income and different basis than on the broker 1099-B?… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
3,057 satisfied customers
A taxpayer received two 1099-'s from two different
A taxpayer received two 1099-B's from two different brokerage firms:One reports like this: Brokerage firm 1.Proceeds (column A Cost Basis (column B) Adjustments wash sales( Col C) Gain or loss(Col D) … read more
Mark Taylor
Mark Taylor
Certified Public Accountant
Masters
2,340 satisfied customers
This is a question in regard to wash sales loss disallowed
This is a question in regard to wash sales loss disallowed appearing on 1099-B. A taxpayer who buys and sells numerous times during year noticed this item on his 1099-B. He did not have any inventory … read more
Barbara
Barbara
Enrolled Agent, Paralegal
6,949 satisfied customers
I would like to know practically how to recature my total amount
I would like to know practically how to recature my total amount of disallowed wash sales this year, all stock involved in the wash sale were sold around June 2013 way before the nd of the year. My ta… read more
Megan C
Megan C
Certified Public Accountant (CPA)
Master's Degree
8,655 satisfied customers
When my wife left her employer she sold all her company stock
When my wife left her employer she sold all her company stock from ESPP in Feb, 2013. . This included restricted stock (NQ) 150 shares which she was granted around March 16 or 17 each year starting 20… read more
Arthur Rubin
Arthur Rubin
Doctoral Degree
1,278 satisfied customers
I am trying to do my Federal Tax return. I have three brokerage
I am trying to do my Federal Tax return. I have three brokerage accounts and live in PA. I have a lot of short term trades in all three accounts. In my Options Express account I was issued with a 1099… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
6,674 satisfied customers
we exercised some stock options in 2012. We sold 700 shares
we exercised some stock options in 2012. We sold 700 shares at $6.07 per share. The total of the sale was $4249 however the company took back $3542 of that amount and we realized $707 which we paid ou… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
28,151 satisfied customers
How do you report "washed sales" from investments? Do I have
How do you report "washed sales" from investments? Do I have to add them to my total profits?… read more
Stephanie B.
Stephanie B.
Accountant
Master's Degree
556 satisfied customers
Im a very active stock trader, my accounting software tells
I'm a very active stock trader, my accounting software tells me that I lost $24,000 trading stocks in 2011. My 1099 lists a $1.5 million wash sale loss disallowed. I lost money trading in 2011. How do… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
1,099 satisfied customers
How does one recover the amount of a disallowed loss? As
How does one recover the amount of a disallowed loss? As I understand it, if shares are repurchased, we can add the amount of the disallowed loss to the cost basis of the new shares. But what if no ne… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
28,151 satisfied customers
1099B question (year 2011): short term disallowed losses bigger
1099B question (year 2011): short term disallowed losses bigger than short term losses ? I did a lot of day trading, lose money last year. I just got my 1099B for year 2011 , my short term disallowed … read more
Anne
Anne
Master Tax Preparer
2,380 satisfied customers
Lets say I sell 100 shares of Apple in my taxable account for
Lets say I sell 100 shares of Apple in my taxable account for a loss of $20,000. However, I have also bought 100 shares of Apple in MY IRA within 30 days of selling my original shares. I understand th… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
I own 10,000 shares of XYZ purchased @ $10.00 a share over
I own 10,000 shares of XYZ purchased @ $10.00 a share over 1 year ago. The stock drops to $1.00 a share and I buy 500 more shares on Dec 15th of 2008. I now (Dec 22nd) decide I want to sell enough sha… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
28,151 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x