Tom,
I am using the TT program and was through answering all the income questions, but when TT checked my return, I got the following message: "Form 1099-B Worksheet.. Capital gn (ls) adjustments/other info (25459W862 SHARES 500 BULL ETF 25) Accrued market discount should not be 0. Enter amount disallowed under wash sale rules, or leave blank if entire loss is disallowed."
My brokerage statement seems to indicate that all wash sale trades have been disallowed since they all seem to be under the "disallowed" column. Are all wash sales automatically "disallowed?" I am uncertain what to do about this prompt because I never filled out any Worksheet. SomeTurbo tax computer apparently did.
Also, I also do not understand what a 1099-B Worksheet is, and I found no listing of such a form on the IRS website. Also, what does a 1099-B form have to do with capital gains or wash sales? The 1099-B is for interest and dividends no?
Furthermore, I have two accounts under the same broker, and both have wash sales for the same stock, so I do not know how much, if anything, to list in the "worksheet". All of this is very confusing, so I hope you can help by clearing up some of the above.
Thanks : )
