DianeW777
Expert Alumni

Investors & landlords

No, you do not need an entry in 1g, when the wash sale rule no longer applies. If there is an entry you can remove it. 

 

You should have your full cost basis and proceeds so that the full loss is allowed as long as you did sell all shares related to the wash sale. The 'wash sale' rules will no longer apply. Keep in mind the broker knows when a wash sale occurs, they do not know when it ends.

  • Search (upper right) for 1099b > Click the Jump to... Link > Edit next to the sale in question > make your changes

 

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