I have "Box 7: Loss is not allowed based on amount in 1d" checked on my 1099-B. But i dont see option to enter in turbotax online edition. Is it required?
Can i claim the loss if it is checked?
01920
1 Replies
RobertB4444
Expert Alumni
Apr 18, 2025 2:22:47 PM
It sounds like you may have a wash sale loss? There should be a code there that explains why the loss is disallowed. Please check your 1099-B and see if it gives any more explanation for why the loss is disallowed?