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1099-B wash sale entry triggering a review prompt in TT. Do I ignore the prompt or have to remove the wash sale amount?

For example,

1099-B states:

Proceeds: $4900
Cost Basis: $5500
Wash Sale Loss Disallowed: $250
Gain or Loss(-) : -350

The file import of my broker's 1099-B correctly filled out these areas in TT; however later on it gets flagged to check the entry, saying:

"Form 1099-B Worksheet (TD Ameritrade) : Wash sale loss disallowed is only for wash sales. Do not enter for I Shares Silver Trust ETF"

I'm very confused by this. Any help would be greatly appreciated.
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1 Reply
JohnB5677
Expert Alumni

1099-B wash sale entry triggering a review prompt in TT. Do I ignore the prompt or have to remove the wash sale amount?

You may have to split this into two transactions.  One for the loss and one for the Wash Sale.  You could split it:

  • $2,750, 2,400, -350 Loss
  • $2,750, 2,500, -250 Wash Sale
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