You will have to go into TurboTax and round it off to $1 manually if it is greater than $0.49 and delete it if it is less than $0.49. Please do not enter 0.
To do this, you will need to revisit the input section for the Form 1099-B transactions.
Use the following steps:
- On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
- This opens a box where you can type in “1099-B” and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
- The search results will give you an option to “Jump to 1099-B”
- Click on the blue “Jump to 1099-B” link
- Click Edit beside the institution name
- Click Edit beside each transaction that contains a wash sale adjustment amount of $0.99 or less
- Delete the wash sale adjustment amount to either 1 or delete it and click Done
Please click on the link below for more information.
Rounding Off 1099-B
