I'm using Turbotax Deluxe on my computer, and I have a problem with one of my 1099-B's. I uploaded the 1099-B directly from E*Trade, and includes 1327 sales. The wash sale loss disallowed on the 1099-B is $9491.27, including short-term and long-term wash sale losses. But the adjustment listed on the "Your Investment Sales Summary" page is $18,982.54. This number is exactly double the amount reported on my 1099-B, quite a coincidence! (To get to the "Your Investment Sales Summary" page I click Federal Taxes > Wages & Income, then scroll down to the Investment Income section, and click Update in the right-hand column.)
To put this in perspective, my total losses for this 1099-B were $9264.79 and my disallowed wash sale losses were $9491.27 so my net income from sale of stock was under $1k, but Turbotax is applying double the correct adjustment, reporting income of over $9k for this 1099-B.
I read the instructions for entering the aggregate numbers from the 1099-B manually, and I know it would fix my problem, but I need to report all 1327 sales individually, because 29 of these sales were missing the cost basis. I need to correct this cost basis to avoid paying tax on the entire sale amount.
Any help would be appreciated. Thanks.
