The error messaging you are seeing with regard to the wash sale entries is, in fact, a result of the automatic early rounding of the numbers, either imported or typed in by you. 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, so you will get an error for any field with a $0 entry.
To resolve the issue, you can edit each individual transaction (although not from the screen in the review process) and delete the amount entered in the wash sale adjustment if it is $0.49 or less. This will clear the error message(s).
To do this, you will need to revisit the Form 1099-B entry interview. Use the following steps:
- Use the Search feature by clicking on Search in the top right corner
- Type in 1099-B and hit enter
- In the results window, click on Jump to 1099-B
- Click Edit next to the issuer's name
- Click Edit beside each transaction that contains a wash sale adjustment amount of $0.49 or less
- Delete the wash sale adjustment, leave it blank, and then click Done
If you have too many transactions that would require editing, you can consider deleting your imported information and entering a summary of the different categories of transactions reported on your Form 1099-B (short-term covered, short-term not covered, long-term covered, long-term not covered). This would require you to mail a copy (not the original) of your Form 1099-B from your brokerage to the IRS within three days of filing your return. Form 1099-B would be attached to Form 8453, which will print with your return.
How to enter a summary in lieu of individual transactions @Rerun48
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