Reconstructing Wash Sales is incredibly tedious for an active trader, but your basic premise is correct. Wash sales will accumulate until the stock has a sufficient profit to offset the adjusted basis, or until the entity expires or is sold (plus the 31 day waiting period).
TurboTax merely echoes the information on your 1099-B. There is not an evaluation process regarding wash sales. Your broker's controls are the key to those transactions.
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