In my 1099-B E*Trade, there are disallowed wash sale losses. I understand the disallowed loss is allowed to add back to the basis of the repurchase the same stocks. I looked at the 1099-B, and I did not see the E*Trade broker automatically add back the deferred loss to my repurchase of the same stock. I have questons for the basis adjustments:
1) I am not sure if the broker automatically add back the basis to your repurchase of the same stock? If yes, where is it ? if no, do I have to make adjustment one by one? how to track and adjust the basis in an effcient and easy way since there are quite a few transactions of wash sales in 2024 yr.
2) Does Turbo tax provide a tool to make basis adjustment in a easy and quick way? Thank you so much!
