JohnB5677
Expert Alumni

Get your taxes done using TurboTax

The Wash sale represents a loss in the sale of a stock, ETF, Mutual fund that are repurchased +/- 30 days. The Wash Sale is a disallowed loss and has no direct impact on your current tax return.  

 

Your broker properly reported the Wash sale on your 1099-B even though the underlying securities were sold in the retirement account.  Because they were sold in the retirement account, you could not take advantage of the increase in the stock basis.

 

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