WASH SALE. Do I need to enter code W?

[CA94102]

Thank you for your help in advance.

The 1099-B

Proceeds $28,954.87

Cost- $32,842.21

W $3,065.62

Loss -$461.22

I sold all the shares and never purchase any shares after this transaction.  There's a wash sale based on the 1099-B.  How do I add the wash sale loss disallowed to the cost basis?  Do I need to enter  Box 1g?  What is the correct way to report this using Turbotax so I can claim the loss of $3,527.34? 

Thank you.

[DianeW777]

No, you do not need an entry in 1g, when the wash sale rule no longer applies. If there is an entry you can remove it. 

You should have your full cost basis and proceeds so that the full loss is allowed as long as you did sell all shares related to the wash sale. The 'wash sale' rules will no longer apply. Keep in mind the broker knows when a wash sale occurs, they do not know when it ends.

• Search (upper right) for 1099b > Click the Jump to... Link > Edit next to the sale in question > make your changes

[CA94102]

Thank you for your reply. 

I got very confused when I tried to enter 1g and to make adjustments.   I didn't know that I can skip 1g.  Thank you.  

[Mike9241]

it could be because of purchase and sales date some shares are subject to wash sale rules.  the  disallowed loss would be added to the replacement shares. since you say all shares have been sold (and never replaced) you get the previous disallowed loss

[CA94102]

Thank you for your answer. 

Yes, the stocks sold were from 2 different trades/purchases.  I never had wash sale before and I've learned a lot today. Thank you.