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wbehenna
New Member

I downloaded stock sale info from broker that has Zero wash sale errors. How can I correct this downloaded information?

How can I change the information that I downloaded from broker?
2 Replies
easterlee
Level 1

I downloaded stock sale info from broker that has Zero wash sale errors. How can I correct this downloaded information?

I have the same problem.  I get Federal Review errors for all wash sales disallowed under $.50, which means everything is rounded down to zero and these wash sales are not accounted for.  What is the workaround, please?

JohnB5677
Expert Alumni

I downloaded stock sale info from broker that has Zero wash sale errors. How can I correct this downloaded information?

The error message you are seeing on the wash sale entries is a result of automatic rounding.  If the wash sale adjustment is $0.49 or less, then it is automatically rounded to zero.  This type of rounding is allowed by the IRS. 

 

Unfortunately, zero is not a valid value for this field for TurboTax, thus the error message.

 

To resolve this, you can edit each transaction and delete the amount entered in the wash sale creating a "null" as opposed to a Zero. 

 

This will resolve the error message

 

1099B Wash sale populated zero during import.Check... (intuit.com)

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