As it pertains to the tax forms we produce, the IRS requires that we provide an aggregate of all wash sales that occur throughout the reporting period. This is true even if you have filed for MTM treatment under Section 475. Therefore, unfortunately we cannot produce a Form 1099 that does not report wash sales.
Customers who have filed for MTM reporting can refer to the Mark-to-Market Performance Summary section of your Activity Statement. This will show the mark-to-market gains or losses for the positions as well as other information such as fees and interest paid or received.
IBKR also offers tax-advantaged account types for clients who are U.S. citizen, such as IRA accounts. Please click here to learn more about these account offerings.
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