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Got Etrade/MS 1099-B with accrued market discount and non-deductible loss from wash sale Used the summary reporting method to enter investment sales. Where do I enter these Accrued market discount values and non-deductible loss from wash sale in TT ?
TT users/experts,
I got an Etrade/Morgan Stanley 1099-B with accrued market discount (box 1f
) and non-deductible loss from wash sale (box 1g) with multiple bonds maturing.
I used the summary reporting method to enter investment sales in turbo tax i.e Short Term (box A/B) and Long Term (box D/E)
In Turbo Tax, should I add the accrued market discount total to the non-deductible loss from wash sale to Total adjustment to gain(or loss ) box under the "I need to adjust my total cost basis" box with D (accrued market discount) box checked and
check box for non-deductible loss from wash sale (W)
Thanks a lot, in advance.
‎October 10, 2024
5:41 PM