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cjwclw
New Member

Where do I enter wash sale loss disallowed in Summary Investment Sales Section? (not entering individual sales) Do I use Adjustment to cost basis?

Investment sales are too many to enter individually.   The online info doesn't seem to work with Summary.  Help!  This is my first time using TurboTax.
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4 Replies
DavidD66
Expert Alumni

Where do I enter wash sale loss disallowed in Summary Investment Sales Section? (not entering individual sales) Do I use Adjustment to cost basis?

Yes, you enter the wash sale as an Adjustment.  After entering the summary totals, check the box for "I need to adjust my total cost basis".  Enter the amount of the Wash Sale Adjustment, and mark the box W, (nondeductible loss from a wash sale).

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Where do I enter wash sale loss disallowed in Summary Investment Sales Section? (not entering individual sales) Do I use Adjustment to cost basis?

@DavidD66 

your answer is incorrect. 

poster want to use the summary method.

 

@cjwclw 

after entering the basic summary, it ask you if you have any adjustments (or other).

Say YES and the box for total  adjustments should appear.

Where do I enter wash sale loss disallowed in Summary Investment Sales Section? (not entering individual sales) Do I use Adjustment to cost basis?

Is wash sale adjustment available in Deluxe desktop version?

Where do I enter wash sale loss disallowed in Summary Investment Sales Section? (not entering individual sales) Do I use Adjustment to cost basis?

Yes it is. See here

 

Further up on this page, you will checkmark I need to adjust my total cost basis

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**Mark the post that answers your question by clicking on "Mark as Best Answer"
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