There are NO Wash Sales on GAINS. So, if the brokerage puts in a figure for a Disallowed Wash Sale, I changed the Wash Sale to -ZERO-
Is that not correct? I've had Turbotax CPA's tell me THAT is how you do it, rather than change your Cost Basis.
I'm making the changes from calculating the difference between Cost & Proceeds from an Excel Spreadsheet the brokerage provided.
As the spreadsheet has somewhat different Cost Basis & Proceeds, that is how they said to do so.
WHAT'S MISSING HERE FROM REPLIES: When there is a Gain, there is no box to place a Gain in; only a box to delete the Wash Sale. So, my correction removes the erroneous Disallowed Loss, there is no place to enter the Gain.
