Intermediate

Capital gains & wash sale reconciliation from brokerage exports

Reconciles brokerage statements to capital gains reporting, identifies wash sales, and summarizes needed adjustments. Useful for high-volume traders and preparers handling multiple brokers.

Reconcile capital gains for {client_name} for {tax_year}.

Inputs:
- Brokerage 1099-B / transaction exports: {brokerage_exports}
- Cost basis method notes: {cost_basis_method}
- Known wash sale indicators: {wash_sale_info}
- Prior year carryovers (capital loss): {prior_carryovers}

Output:
1) Summary by broker: proceeds, basis, gains/losses, wash sale adjustments (if provided).
2) Issues list: missing basis, noncovered lots, corporate actions, duplicates.
3) Questions for client/broker and recommended follow-ups.
4) Clean output table that can feed tax software (columns specified by you).

If wash sale details are incomplete, explain limitations clearly.

Related Prompts

Tax

Beginner

Estimated Tax Payment Schedule (Safe Harbor)

Calculates quarterly payments to avoid underpayment penalties using safe harbor rules.

Withholding tax (WHT) assessment for cross-border payments

Creates a WHT assessment checklist for cross-border payments, including treaty considerations and documentation needs. Useful for AP/treasury and tax to avoid surprises.

GPT-5.2 Thinking; GPT-4.1; o3-mini

211

Tax

Intermediate

Apportionment workpaper: factor sourcing rules and tie-outs

Builds an apportionment workpaper template and ties factor data back to GL/subledgers. Useful for defensible SALT filings and audit readiness.

GPT-5.2 Thinking; GPT-4.1; o3-mini

159