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New Member
posted Mar 11, 2025 1:54:26 PM

Some of my imported 1099-B stock entries have sale dates in 2025. Can I just delete them from my form, since they weren't sold in 2024?

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3 Replies
Expert Alumni
Mar 11, 2025 2:43:37 PM

Perhaps not. The transactions with sale dates in 2025 may be 'wash sales'.  Is there a code W in column F or a notation that these are wash sales transactions?

 

The wash-sale rule prohibits selling an investment for a loss and replacing it with the same or a 'substantially identical' investment thirty days before or after the sale.

 

The loss not permitted is added to the cost of the newly purchased asset.  Your broker keeps track of the wash sales.

 

More information may be found here.

Level 15
Mar 11, 2025 7:04:44 PM

Can you give an example.?

 

I can't imagine why a Date Sold of 2025 is on you 2024 consolidated 1099-B document.

 

For tax year 2024, Date Sold must be in 2024 to ba taxable in 2024.

 

@nancynick40 

New Member
Mar 12, 2025 5:59:53 AM

I switched my brokerage account to be managed by a financial advisor this year. They buy and sell frequently. I imported the info from Morgan Stanley.  The statement wasn't issued until March 7, so it includes 5 sales that happened in January of 2025. When I ran a Smart Check, Turbo Tax flagged the 5 entries. Someone else here in the Community said if they are "wash" sales, they need to be included. They were marked as wash sales. So I'm not sure what to do with those entries.