Hi RobertB4444:
If one has 10 short term covered stock sales, 8 without the need for adjustment, 2 with disallowed wash sales, what is the best way to handle the reporting in TurboTax:
Option 1: enter one sale at a time.
Option 2: enter a summary of short term covered sale for the 8 transactions without the need for adjustment, and then enter the 2 remaining sales with disallowed wash sales. Can you group the two disallowed wash sales or do you have to enter the sale one at a time?
Since the brokerage firm did not provide a summary of the 8 transactions without the need for adjustment, will a summary entry be confusing to the IRS? In other words, would it be better to enter one sale at a time?
Thanks.
