You'll need to sign in or create an account to connect with an expert.
A disallowed wash sale loss of less than 50 cents gets rounded down to zero, so there is no wash sale. You can't correct the problem in Smart Check where it displays the error message. You have to go back to where the sales were entered under Investment Income > Stocks, Mutual Funds, Bonds, Other. Edit each sale and delete the wash sale loss amount, leaving the box blank. In other words, since the wash sale loss is less than 50 cents, you don't report it as a wash sale.
A disallowed wash sale loss of less than 50 cents gets rounded down to zero, so there is no wash sale. You can't correct the problem in Smart Check where it displays the error message. You have to go back to where the sales were entered under Investment Income > Stocks, Mutual Funds, Bonds, Other. Edit each sale and delete the wash sale loss amount, leaving the box blank. In other words, since the wash sale loss is less than 50 cents, you don't report it as a wash sale.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ezequiel_lolo
New Member
DrMarsha3
New Member
micdugprice
New Member
spark-co2
Level 2
spark-co2
Level 2