DawnC
Expert Alumni

Investors & landlords

You can edit and remove the error(s).  @GrtScott    The changes required cannot be performed through the Review and/or Error Check screens.  You must return to the interview section to edit your entries, specifically, the wash sale adjustments.  

 

The error messaging you are seeing is a result of the automatic 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.  Although this type of rounding is allowed by the IRS, it causes some fields to show $0.   And 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 to edit, consider using the summary reporting option.  

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