The reason you are seeing a different average price is because DAS is loading a daily average received from your clearing broker who identified your last cover as a wash sale. As shares were sold at a loss and were repurchased within 30 days, this becomes wash sales with the realized loss added to the cost basis of the newly purchased shares. This type of trading is not allowed in the U.S. Taxation on trading stock as the losses from a security sold 30 days prior to the subsequent purchase. To read more about wash sales, please refer to IRS Publication 550 (https://www.irs.gov/publications/p550#en_US_2019_publink100010601).
You sold MSFT at a loss then subsequently bought it back prior to the 30 day period. Assume that the loss was $200, and you just bought 20 shares of MSFT with a total cost of $5,000. Then,
***For TD users, the cost basis per share value can be found in the ToS platform or TD Ameritrade website by clicking on “Trade Price” and it will be listed in the “Cost” column.
***For IB users, the wash sales details can be found in your account statement.
Thank you for your interest in the DAS/TD Ameritrade integration! The beta testing of this integration began in July of 2020. Once beta testing is complete, the on-boarding and ‘go-live’ process will begin end of September 2020.
If you are interested in learning more about the DAS/TD Ameritrade integration once it is ready for the public, please fill out the form below. We will send an email when the integration is live.
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