Get your taxes done using TurboTax

Assuming the sale and purchase were done through the same broker the broker will address the wash sale on the Form 1099-B.  The 1099-B should have a code of "W" in Box 1f and a dollar amount in Box 1g.  You simply enter the 1099-B as it reads into TurboTax and that should take care of it.

The dollar amount should be: (few shares bought/number of shares sold) x $4K.

Tom Young

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