Green describes how many securities traders face significant taxation of phantom income due to “wash sale losses disallowed” on the form 1099-B. Reportedly, traders are often unprepared to handle such situations because many brokers do not disclose wash sale losses during the year. Green’s article outlines “how to deal with WS loss adjustments and how to avoid them in the first place.”
Download the full article by clicking Green, How To Avoid Taxes On Wash Sale Losses.
Posted by Jessica Zhang, Associate Editor, Wealth Strategies Journal.
