Is there a software program guys use here, has anyone here been audited without having figured this cost basis out...?
Yes, it's a bubbling pit. That's why a sharp CPA and attorney is good to have on your team.
Better than Turbo Tax and claiming you don't having wash sales with trading losses...ala southleech...LOL!!!
You know, we're all gonna have to elect trader status to avoid them but i have some long term loss carry forwards that I'd lose. Its a nightmare of paperwork. I'm like moth to flame on this wretched topic.