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Get your taxes done using TurboTax
If your are entering a summary of all transactions some of which are adjusted, you have to enter the wash sale disallowed loss also.
You will be making the mail-in election.
To avoid that
Enter the wash sales separately, then use the totals on the form 8949 Line 2 to know how much to subtract from the consolidated totals to get the totals for transactions without adjustment.
(you won't find this calculation on consolidated 1099-B)
No mailing is necessary.
Or, if you summarize wash sales only (Line 1b or 8b, with the unadjusted subtotals on Line 1a or Line 8a, you only have to mail the details of wash sales to the IRS.
You'd probably need to trick TurboTax to do it that way. I'm not sure.
March 10, 2024
11:07 AM