If you wish to analyze your disallowed wash sale losses that have been deferred to next year, you may run this report. The report consists of three sections:
Summary of Wash Sale Loss Deferrals - This section is found on the first page of the report and summarizes exactly which stocks and options are responsible for wash sale losses being deferred to next tax year and includes the loss amount deferred by each ticker.
The section is further broken down by WS Loss Deferrals Attached to Year-End Open Positions and WS Loss Deferrals Attached to January Trades. This allows you to see clearly which tickers have the greatest effect on your wash sale deferrals.
Summary of Wash Sales Permanently Disallowed (IRA) - This section is typically found on the first or second page of the report and summarizes exactly which stocks and options are responsible for permanent wash sale losses due to an IRA account and includes the permanent loss amount by each ticker.
Trade Details - After the Summary sections, the following pages of the report isolate only those trades which have resulted in a wash sale deferral so you can see exactly what caused this to happen. This will help you to better understand the effect wash sales have on your taxes so you can take corrective action as necessary.
Do you have more than 30,000 trade records in your file?
If so, this report could take a long time to compute the wash sale line numbers. You will have the option to wait for TradeLog to include them, or proceed without them.