masotime
New Member

How do I record the increase in cost basis for the new stocks in Turbotax (or is this something that should be recorded at all in tax returns?)

Although I use the same broker (Schwab), I acquired stocks in a different account from that the one where I sold stocks in which qualifies as a wash sale - and Schwab didn't automatically increase the cost basis of the acquired stocks (or even record that it was a wash sale).

I'm reading online that I need to record the increase in cost basis for the acquired stock - but how do I do this in Turbotax? Or is this something to be managed in my next tax returns rather than the current (2018) one?