Investors & landlords

if it was reported on a 1099-B you need to report it in your 1040. otherwise, your proceeds are going to be short of what the broker reports to the iRS. so then it will be up to the IRSto either question the missing amount or add the missing sales price with no cost and bill you.

 

 

enter the sale. for the wash sale part in column g   enter the wash sale amount as a positive number.  turbotax has a box specifically for the wash sale amount.  if you enter it this way no code is needed. Turbotax will supply it automatically

 

 

on the other hand if you enter code w you can't use the wash sale box you must use the other adjustment box

 

 

 

 

 

 

 

prop