You'll need to sign in or create an account to connect with an expert.
You will need to enter the data yourself and remove the imported data. Delete that transaction and then type it in yourself. The import feature is designed to follow the instructions from the financial institution that it imported the data from.
why are you eliminating this wash sale? your broker reported this to the IRS and it looks to see that this is reported on your return. you can expect an inquiry, notice or even a change to your return when there is this mismatch.
disallowed loss is transferred to the triggering shares that caused the wash sale via basis adjustment
Assuming no other considerations, when you sell those shares the loss will be deducted due to the basis adjustment.
Your broker is required by IRS to track all this for you ; it is on your consolidated 1099-B.
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.
massachu
New Member
cullodenag-mccoy
New Member
Andy M
Level 1
Hughston
New Member
mpjapan
New Member