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Is this the right way to enter Wash Sales on TurboTax?
I find entering 1099-B's into Turbotax confusing because the input fields in the software do not match the fields on the Form 1099.
I have about twenty 1099-B's with Box 1G populated (Wash sale loss disallowed). When entering the information into TurboTax, is it correct to input this information under "W (nondeductible loss from a wash sale)" as shown below?
Below is screenshot of an example 1099-B section from my broker, and then another screenshot of how I am entering into TurboTax Premium.
Here is how I am entering into TurboTax Premium
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March 9, 2024
9:29 AM