How do I enter a wash sale on my 2020 return?

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TurboTax Help

How do I enter a wash sale on my 2020 return?

  1. Open or continue your return in TurboTax and search for wash sales.
  2. Select the Jump to link at the top of the search results.
  3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
  4. On the OK, what type of investments did you sell? screen, select Stock, Bonds, Mutual Funds. Then select Continue.
  5. From here, you can import or manually enter your 1099-B.
  6. Answer the questions about your sales. Choose to Enter sales one by one when asked.
  7. On the Now, we'll enter one sale on your 1099-B screen, enter your info. Check I have other boxes on my 1099-B to enter and enter the disallowed wash sale loss in box 1g.
  8. Select Continue and answer any follow-up questions.

Note: You'll need TurboTax Premier, TurboTax Live Premier, or TurboTax Self-Employed, TurboTax Live Self-Employed, to add any 1099-B forms.

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