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Retirement tax questions
Yes, TurboTax is not including Covered Securities without Adjustments on 8949 this year. That makes perfect sense as the IRS will get that data directly from the Broker so a summary is all you need for that. The wash sales are tricky, particularly for active traders. Most very active traders rack up hundreds of wash sales throughout the year and then harvest them by closing their positions and not trading those securities after Thanksgiving. I am also getting lots of 0's and 1s for my wash sales which is annoying but if TurboTax is set on rounding every number on 8949 then not much I can do about it. I might add a line for "Rounding Adjustment" to make everything tie out to the exact dollar.
March 13, 2021
10:21 AM