r/Tax_Strategy

This could be huge

Howdy y’all,

Back in January 2025 I bought a couple couple units of AB in my Schwab account which I’ve held it until September 2025. On Sept 3 2025 Schwab sold some of my units to cover my outstanding margin balance, which due to the lots the system automatically sold I had a loss of $130, and once I put additional cash back in I re-purchased those AB units. Additionally later that month I bought more units of AB in my E*TRADE account and then I sold the units in my E*Trade account in December 2025 along with keeping my AB units in my Schwab account. Then in March when I received a K-1, which I stupidly did not expect, I got a sale schedule for my AB units. Unfortunately I’m not sure how to deal with the wash sale between the two accounts and I’m just trying to make sure that I’m doing my tax return correctly and accounting for the adjusted basis on the sales schedule and not under paying the IRS I did try to extend to talk to a CPA but the two that I talked to were not sure how to correctly complete the return so was the last effort before the 15th. I’m hoping to try to talk to you, smart folks at r/tax.

Thank you very much for your help in advance and I hope to hear from y’all sometime soon.