Disallowed Wash Sale Lose how to report in Turbotax

[mgawro01]

I have a disallowed wash sale loss which shows as $0 on my 1099-B.  In the same year I sold the same stock.  Can I add the amount of the loss to the cost basis of the sale?  Will it change my reported amount in Turbotax  so the amount doesn't match my 1099-B which is sent to the IRS and result in a flag of some sort

[RobertB4444]

When you enter your 1099-B into the TurboTax system there is a place to enter code W and the amount of the disallowed loss from the wash sale.  A wash sale loss isn't allowed to be taken on the return.  

If you sold the same stock later and there was a loss that is allowed then that is entered as a separate transaction into the system and the loss or gain from that second sale would be added in regardless of the non-deductible loss from the earlier transaction.

[mgawro01]

I sold the same stock in the same year but this time for a profit.  Can I add the amount from wash sale that was disallowed to the cost basis of this sale ?

[AmyC]

Since your form shows $0 for wash sale, it seems to have been absorbed into the second sale. Verify your cost basis reported and add the adjustment if it has not been already added for you.

[fanfare]

Your broker is required by IRS to adjust for wash sales for you.

If you use only one broker regarding a security, there is nothing to do on your tax return but report consolidated 1099-B as shown.

@mgawro01