I imported my form 1099-B directly from Fidelity. I noticed that there is a discrepancy in the total gain reported by TurboTax compared to Fidelity's 1099-B.
TurboTax -
Total gain: $3,891.37
Number of sales: 129
Proceeds: $34,958.10
Cost basis: $31,088.51
Fidelity -
Total gain: $3,869.59
Proceeds: $34,958.10
Cost basis: $31,088.51
Total wash sales: $21.78
The issue seems to be that the total gain calculated by TurboTax does not include the wash sale amount reported by Fidelity: $3,891.37 - $3,869.59 = $21.78
I checked each individual transaction with a wash sale and all of them include the wash sale amount.
My questions are -
1. Should I be concerned that the total gain amount reported by TurboTax does not include the wash sale amount, since the individual transactions report the wash sale amount?
2. If the total gain amount calculated by TurboTax needs to include the wash sale amount, how do I get it to do so since the individual transactions already include the wash sale amounts?
