Easy way of filing with wash sale disallowed losses

[LuiAD]

Hi,

i am in preperation of filing my taxes and trying to figure out a easy way of doing so, rather than itemizing 86 pages of stock trades. Many of which with wash sale dissallowed losses.

In my mind: Total capital gain + the total amount of wash sale losses disallowed equals amount i have to claim. Is this thinking correct? 

Can somebody confirm if i'd be able to file like that? Or am i literally forced to itemize every trade due to the wash sale losses disallowed? 

Any help would be greatly appreciated. 

[jtax]

If your brokerage supports it then you could just import the transactions into TT. That should pickup all the detail include the wash sale adjustments.

Or you could just enter a summary for the broker. You might have to mail in the 1099-B to the IRS though. If so TT will give you instructions.

See this FAQ and previous discussion for more detail and ask again if this doesn't help you.

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-enter-a-large-number-of-stock-tra...

https://ttlc.intuit.com/community/taxes/discussion/what-exactly-do-i-need-to-mail-in-with-my-8949-fo...

[LuiAD]

That helps a lot. Thank you.

[jtax]

Glad to help. Good luck.