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I downloaded stock sale info from broker that has Zero wash sale errors. How can I correct this downloaded information?
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Investors & landlords
I have the same problem. I get Federal Review errors for all wash sales disallowed under $.50, which means everything is rounded down to zero and these wash sales are not accounted for. What is the workaround, please?
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Investors & landlords
The error message you are seeing on the wash sale entries is a result of automatic rounding. If the wash sale adjustment is $0.49 or less, then it is automatically rounded to zero. This type of rounding is allowed by the IRS.
Unfortunately, zero is not a valid value for this field for TurboTax, thus the error message.
To resolve this, you can edit each transaction and delete the amount entered in the wash sale creating a "null" as opposed to a Zero.
This will resolve the error message
1099B Wash sale populated zero during import.Check... (intuit.com)
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