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Computing Wash sale Loss Disallowed after transferring from Robinhood to Fidelity
I have transferred my account from Robinhood to Fidelity in July 2021. I have wash sale loss disallowed in my Robinhood 1099. Many of those positions were closed through Fidelity by year-end. But the wash loss disallowed amount is not added to the cost prices of the stocks transferred to Fidelity. My questions is
1. Do I have to adjust the cost price of those stocks in Fidelity 1099?
2. Will the price or wash sale disallowed amount gets adjusted when I import both Robinhood 1099 and Fidelity 1099 to Turbotax?
Please give some guidance.
‎February 21, 2022
5:32 PM