My 1099-B from fidelity has a few wash sales on it for different lots of ETFs I sold. For each sale of 2022 I sold the entire position, but I may have purchased a lot 30 days prior, but sold that as well all at the same time. Fidelity's sequence of selling the shares triggered small wash sales. However shouldn't the cost basis of the lot purchased 30 days prior be increased by the amount of the wash sale. It doesn't seem like Fidelity did that so even though I sold my entire positions it doesn't net out to 0 meaning I can't harvest the full loss.
Is it Ok for me to manually go in and add to my basis in Turbo Tax, or is this a red flag that it won't match my 1099-B should I contact Fidelity for a correction?
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Yes, you can adjust the basis in TurboTax for sales of stocks, etc. While I cannot state whether what you propose is correct or not as I do not have access to your 1099-B, follow these steps to adjust the basis of your sales if you believe them to be accurate:
This is a common procedure and does not normally red flag you for attention by the Internal Revenue Service.
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