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

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Corporate tax return workplan and data request list

Creates a corporate tax return workplan and a targeted data request list tied to key schedules. Useful for tax seniors coordinating compliance and ensuring completeness.

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Book-to-tax reconciliation (M-1/M-3 style) with JE suggestions

Builds a book-to-tax reconciliation and identifies permanent/temporary differences with documentation notes. Useful for tax provision and return preparation.

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Compares book depreciation to tax depreciation, identifies differences, and prepares supporting schedules. Useful for both compliance and provision teams.

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