Hello Xmasbaby
You seem to be very knowledgeable when it comes to taxes, so I hope you can help me out.
I am using the Turbo Tax program and was done 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."
I am uncertain what to do about this prompt because I never filled out any Worksheet. Some Turbo tax computer apparently did. My brokerage statement seems to indicate that all wash sale trades have been disallowed since they all seem to be under the "disallowed" column. However, 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".
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. Lastly, I completed a reform on TT last year but did not file the 2019 return, as I did not earn enough to file. However, Turbo Tax has calculated for me a "carry over" loss which ,apparently, is derived from my 2019 return. Since I did not file, could this be a problem?
All of this is very confusing, so I hope you can help by clearing up some of the above.
Thanks : )
