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Investors & landlords
The prior posts seem to be dealing with an issue involving wash sales from the sale of stock. The wash sale rule essentially disallows a taxpayer from taking a loss. The disallowed loss is added back to the cost basis for the purchase that triggered the wash sale. If you are dealing with "Needs Review" messages in TurboTax, review your wash sale transactions and make sure you have entered them correctly. Each wash sale will need to reflect an adjustment in column G, Form 8949.
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‎February 21, 2022
9:30 AM