- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
WASH SALE STOCKS
Hi
I am using TurboTax Home & Business and i received a 1099B for stock transactions in 2020. When i entered what was reported on 1099B to Turbotax i entered proceeds $62,717.72 cost basis $65,796.04 wash sale loss disallowed $385.73 realized gain or loss ($3,078.32) but on form 8949 it shows a code W and a different loss amount of $-2,692. For another 1099B I also get a different loss amount it creates a gain when entering the wash sale code W and instead of showing realized loss of $3,620.31 it shows a gain of $3,689. Is this correct? Any advice and help will be appreciate it.
Topics:
March 31, 2021
5:29 AM