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Tax harvesting / wash-sale question. If you sell for a loss in one brokerage account, and buy back in another… how would the IRS know?

I’m aware this is forbidden as it violates the 61-day guideline. Genuinely curious how it’s tracked.

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if you are audited, they will find out, otherwise I don't believe so (note the IRS has significantly increased resources and they are not limited to the uber-wealthy). Your risk would be the $3k write down times your tax rate; any penalties I believe should be fairly insignificant at this dollar level

Not advocating what you should do, I'm no expert, just quantifying the risk/reward - I've been getting audited every 4-5 years. You might be better off waiting until after the CC to decide how to proceed.

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"Welcome everyone to the call. I'm Dr. Jay Lalezari, and I'd love to share some exciting news with you. The hold has been lifted, ... "

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You should know the answer to this today after hours if we do/don't get a PR.