When filling out the 1099-B info on TurboTax, I chose to enter in a summary since I have a lot of transactions. However, I'm having trouble as to how I should fill out the rest of the information. My 1099-B looks as follows:
- [1d] Proceeds $29000.00
- [1e] Cost or other Basis $30000.00
- [N/A] Total Gain/(Loss) ($500)
- [1g] Wash Sale Loss Disallowed $7.00
After filling out the easy stuff in TurboTax, I checked the box where I need to enter "amounts from box 1f, box 1g, or other adjustments". It brought down the following boxes:
- Total adjustments to gain or (loss) ___________
- List all adjustment codes ___________
Do I just add the [N/A Total Gain/(Loss)] and the [1g] box together [so $-500 + $7] to get the Total adjustments to gain or (loss)? For the adjustment codes, I think I use an 'M' since it is a summary and a 'W' since I'm also including a Wash Sale. Would someone be able to please clear this up for me? Thanks in advance!
