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It sounds like you must have actually had three transactions involving the same security. One was the actual wash sale itself, in which the security was sold at a loss, and part or all of the loss was disallowed. That means you cannot claim the full amount of the loss on that sale. For that to have been a wash sale, you must have bought the same security within 30 days before or after the wash sale. The shares that you bought are called "replacement shares" for the shares that you sold in the wash sale. The purchase of the replacement shares does not appear on your 1099-B or your tax return, but the purchase is what makes the first sale a wash sale. Finally, it seems like you must have later sold the replacement shares. The disallowed loss from the wash sale is added to the basis of the replacement shares when they are sold. That reduces your gain, or increases your loss, on the sale of the replacement shares. In effect you get to claim the disallowed loss from the wash sale when you sell the replacement shares. The disallowed loss is added to the basis of the replacement shares, not to the basis of the shares in the wash sale. The disallowed loss is not double counted. It reduces your loss on the wash sale, but it increases your loss, or reduces your gain, on the sale of the replacement shares. One offsets the other. It's a minus in one place and a plus in the other place. Adding it to the basis of the replacement shares offsets the original disallowed loss, so you come out even.   If you made more than three transactions for the same security the situation is probably more complicated.  

First make sure the letter is really from the state and is not a scam. https://ttlc.intuit.com/turbotax-support/en-us/help-article/state-taxes/contact-state-department-revenue/L9qVToi02_US_en_US?uid=m6e06um0     I RECEIVED A LETTER FROM THE IRS/STATE     TurboTax does not receive any information from the IRS or your state after your return was filed, so no one at TurboTax knows about a letter you received from the IRS or the state.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-audit/turbotax-audit-support/L6AcMoNFD_US_en_US?uid=m5z7by9u     https://ttlc.intuit.com/turbotax-support/en-us/help-article/internal-revenue-service/got-cp2000-notice-irs/L7Da6em2t_US_en_US?uid=m4of6ngd  

  You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2024 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei     https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0 You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.  

  You have to access your own account and/or  print it for yourself using exactly the same account and user ID that you used when you prepared the return.    https://myturbotax.intuit.com/   Start a 2024 return online and enter some personal information  so that the menu on the left opens up and lets you access your past year returns.   https://ttlc.intuit.com/community/prior-year-return/help/how-do-i-access-my-prior-year-return/01/27010     https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m5y4ch1y   Many people have multiple TT accounts and forget how to access them.  Log out of the account you are in now.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/many-intuit-accounts-turbotax/L9aVfKS1Z_US_en_US?uid=ll5g6zcx Account Recovery     Or did you use the desktop version of TurboTax?  If so, the files are on your own hard drive or any backup device you used like a flash drive.     https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/find-last-year-tax-data-file-tax-file-computer/L0XJvPaJr_US_en_US?uid=m6gufxei     https://ttlc.intuit.com/turbotax-support/en-us/help-article/data-systems/find-tax-data-file-mac/L4VNGm33S_US_en_US?uid=m6guhab0 You can get a free transcript from the IRS or for a fee of $30, an actual copy of your tax return. https://www.irs.gov/individuals/get-transcript https://www.irs.gov/pub/irs-pdf/f4506.pdf       SAVE YOUR TAX RETURNS ! EVERY year before mid-October you should save a copy of your tax return as a pdf and print a copy of it for your records.  That way you will not be searching online frantically when you need it for a lender, FAFSA forms, your next tax return, etc.    https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m6guj526   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-2021-turbotax-online-return-pdf/L8dHfRkpT_US_en_US?uid=m78eb8pc In order to transfer a past year return to the new return you need the tax file   https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/save-turbotax-online-return-tax-data-file/L4xwOG3LF_US_en_US?uid=m6guk3xl   NOTE:  TurboTax and the IRS save returns for seven years.  Returns older than seven years are purged.  

There is no standard definition of "net income." It means different things to different people, and in different contexts. You have to decide yourself what you mean by net income, for whatever purpose you are using it for. If someone is asking you what your net income is, you have to ask them exactly how they define it. The TurboTax article that mesquitebean referenced says "Net income typically means the amount of income left over after you pay your income tax or get a tax refund." Right away, the word "typically" tells you that it doesn't always mean the same thing. There are many different types of income. Some is taxable, some is not taxable, and some is partly taxable. The income on your Form 1040 can even include money that you didn't actually receive. You have to decide what kinds of income you want to include in your "net income." And despite the article's emphasis on after-tax income, net income often means income before tax. If you are looking for after-tax income, you also have to subtract state tax. And net income is not the same as take-home pay. The Accounting Insights article that mesquitebean referenced dances around total income, AGI, taxable income, and various schedules, but never tells you what net income means or how to calculate it. The article basically considers net income to be before tax, though it is not entirely consistent about that. So the answer to your question is that there is no line on Form 1040, or anywhere else on your tax return, that is "considered" net income. You have to decide what you mean by net income, and calculate it yourself.  

2024 TURBOTAX   DOWNLOAD (This requires a full PC or Mac—-cannot be used on a mobile device)   https://turbotax.intuit.com/personal-taxes/cd-download/   You can also purchase the desktop download from various retailers such as Costco, Amazon, Walmart, Best Buy, Staples, Sam’s Club, etc. etc. etc.   This link Where can I obtain authentic TurboTax software? has a list of authorized TurboTax resellers.   When you use desktop software, there is an additional fee to e-file a state return.  You can avoid that fee if you print, sign and mail the state return.    https://ttlc.intuit.com/community/system-requirements/help/minimum-system-requirements-for-turbotax-mac-software/00/25609       ONLINE 2024 https://turbotax.intuit.com/personal-taxes/online/     https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp    If you started in the Free Edition and entered any data that required any extra forms or schedules, you have to upgrade to a paid version and if you are watching the screens carefully you are alerted to the upgrade.       TurboTax Online: Important Details about Filing Simple Form 1040 Returns If you have a simple Form 1040 return only (no forms or schedules except as needed to claim the Earned Income Tax Credit, Child Tax Credit or student loan interest), you can file for free yourself with TurboTax Free Edition, or you can file with TurboTax Live Assisted Basic at the listed price. Roughly 37% of taxpayers are eligible. Examples of situations included in a simple Form 1040 return (assuming no added tax complexity): W-2 income Interest, dividends or original issue discounts (1099-INT/1099-DIV/1099-OID) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Taxable qualified retirement plan distributions   Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Business or 1099-NEC income (often reported by those who are self-employed, gig workers or freelancers) Stock sales (including crypto investments) Income from rental property or property sales Credits, deductions and income reported on other forms or schedules  1095A for marketplace health insurance  

@Andretti92 wrote: What about if you are using a rental car for a month? I'm paying for the rental, I have my own car insurance which covers me, and I also got the damage waiver (insurance from the rental company). Gas too. I know I'm not performing maintenance tasks and repairs but I am using it for my self-employed business which I commute all over the place.   If not it would kind of stink to miss out on a months worth of deductions just because my car is in the shop! You can't use the standard mileage method for a vehicle you don't own.  You must use the actual expense method.  See publication 463. https://www.irs.gov/forms-pubs/about-publication-463   In this case, that means you must keep track of all your expenses for the rental car (the rental fees, gas and anything else) and you must keep a log of your mileage (date, purpose of trip, mileage) for both personal and work trips.  Then deduct the percent of actual expenses that matches the percent of business use.   Also note that if the rental period is more than 30 days, and the car has a value higher than a set amount (a luxury car) there are some limitations.  See the "inclusion rule" in publication 463.  

"processing" returns they received in April does not mean they have finished with them.   Sorry....but you just have to wait out the IRS.     If you want to call the IRS:   Call the IRS: 1-800-829-1040 hours 7 AM - 7 PM local time Monday-Friday When calling the IRS do NOT choose the first option re: "Refund", or it will send you to an automated phone line. So after first choosing your language, then do NOT choose Option 1 (refund info). Choose option 2 for "personal income tax" instead. Then press 1 for "form, tax history, or payment". Then press 3 "for all other questions." Then press 2 "for all other questions." - When it asks you to enter your SSN or EIN to access your account information, don't enter anything. - After it asks twice, you will get another menu. Press 2 for personal or individual tax questions. Then press 3 for all other inquiries It should then transfer you to an agent.      

When the return was rejected, you received an email telling you why it was rejected.  There was either a rejection code or a rejection message.   Many rejections are for AGI, which is only needed in order to e-file.   AGI no longer matters if you are trying to file a past year return.  A past year return can only be filed by mail; it cannot be e-filed.   You will need to print, sign and date it in ink, and mail it.   You have not mentioned what tax year the return is for.   If it is for a year earlier than 2022, the refund has been forfeited and will not be paid.   If you owe tax due, it is owed with late filing penalties and interest, for which the IRS will bill you later.     Now it is too late to use online software or to e-file. If you have any changes/corrections at all to make to your past year  return, you now have to complete it using desktop software, which you must download to a full PC or Mac  (not to a mobile device).Then you need to print, sign and mail it.   https://ttlc.intuit.com/turbotax-support/en-us/help-article/printers-printing/finish-prior-year-return-started-turbotax-online/L9Oe4M90A_US_en_US?uid=m68tffpe   If you already paid for your online software you can ask customer support for a download of the desktop software.   They are available from 5 a.m. to 5p.m. Pacific time Monday - Friday Pacific time.   https://ttlc.intuit.com/questions/1899263-what-is-the-turbotax-phone-number     If you are getting a refund, there is no penalty for filing late.  If you owe tax due, then file and pay the amount due as shown on the Form 1040, but expect a bill later from the IRS for the penalty and interest you will owe.  Only the IRS will calculate this—TurboTax will not calculate it.     When you mail a tax return, you need to attach any documents showing tax withheld, such as your W-2’s or any 1099’s.  Use a mailing service that will track it, such as UPS or certified mail so you will know the IRS/state received the return.   Federal and state returns must be in separate envelopes and they are mailed to different addresses.  Read the mailing instructions that print with your tax return carefully so you mail them to the right addresses.  

@steve-knoll wrote: "After hours entering tax data, i noticed that i failed to import prev year's file. Can i do this WITHOUT having to start new return? If not, it would be nice feature." It would be impractical at best, and probably impossible, for TurboTax to implement a feature to transfer data from the previous year after the new tax return has been started. There would be numerous redundancies and conflicts between the data transferred from the previous year and the data already entered manually for the new year. It would be impossible for the software to resolve those conflicts.  

What about if you are using a rental car for a month? I'm paying for the rental, I have my own car insurance which covers me, and I also got the damage waiver (insurance from the rental company). Gas too. I know I'm not performing maintenance tasks and repairs but I am using it for my self-employed business which I commute all over the place.   If not it would kind of stink to miss out on a months worth of deductions just because my car is in the shop!