Anonymous
Not applicable

Get your taxes done using TurboTax

@silver8ack  the wash sales don't exactly "go away" - you can adjust the basis of the trade so that it is as if the intermediary sale didn't happen but the loss that the trade with the wash sale notation is reporting in these imports can't be deducted.   

 

To correct for an ultimate final disposition of the stock, you would do best not to import at all and to use your own records for those trades or to delete those lines at least as you have some basis to correct from the trades as reported.  You don't get to take the loss on the wash transaction and then report the gain or loss on the second one - you have to report it as if it was one transaction with the first purchase as your open and the final disposition as your close.    There isn't a magic "workaround" that lets you take the wash loss - you can't take the losses on these trades.  You can't.    though you can make an alternate basis adjustment if you sold it later. 

 

What these users are encountering isn't an error in reporting really on either side but simply a problem caused by the rounding of entries under fifty cents.  The program won't take zeros in that field (the natural result of the rounding calculation) but it will take a BLANK entry in these fields.  Hopefully, a fix will come out to wipe out those fields when zero is the result but it's not yet out.  Users can wait for an update or they can delete each entry manually, which gets a little tedious.