Wash sale adjustment

[vumrigar]

Hi 

I have transaction reported with Wash Sale in 1099, with adjustment amount $669 reported in col 'g', I have sold all the repurchased security in the same year and broker has adjusted cost basis of repurchased securities which seems correct. Broker statment shows reliazed gain of $9689 with new cost basis as this is not a wash sale, but total capital gain reported by turbo tax is $10,358, when I check 8949 sheet looks like adj in col 'g' ($669) is getting added at the end which causes total gain $9689 + $669 = $10358, this doesn't seem correct. Can you please suggest how to fix this? Do I need to change col 'g' to $0 and make cost basis same as proceed for the transaction which has wash sale reported?

thanks

[ThomasM125]

You need to adjust your cost basis reported to reflect the correct gain or loss on sale. You will see an option for that after you enter the security sale as follows:

[vumrigar]

thanks for the response, just to be clear  broker has already adjusted cost basis, question is do i need to do any correction since this is not a wash sale.

[fanfare]

you are claiming a serious bug in TurboTax.

There's no reason for TurboTax to add an amount out of thin air to your gain.

have you talked to Customer support?

delete those  two transactions and  enter your SELL transactions manually according to your 1099-B.