@thomaswhitmire I really like your solution, it's very elegant. It shouldn't trigger an audit since your totals will exactly match what your broker reported to IRS. And if you were to get audited for some reason, your solution is easily defensible so even if the IRS were to overrule you for some reason and insist on using TurboTax's rounded figure (i.e. w/o your correction entry), it's hard to imagine them giving you a hard time about it or penalizing you since you were just trying to be more accurate by matching your 1099-B exactly. I think I might end up going this route, so thanks for suggesting it!
@sophieluu1606 Thx for the link. Sorry, I realize I asked the wrong Q. I think what the TT CPA was suggesting was actually a combination of Exception 1 and manual entry -- i.e., if you only have a few wash sales and everything else qualifies for Exception 1, then you could manually enter the wash sales on Form 8949 (rounded, of course!) and then enter the remainder in summary directly on Schedule D. So then there would be no need to mail anything to the IRS. I'm pretty sure--just not 100% sure--that's what he was suggesting. Does anyone know if that would be kosher?
