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posted Apr 8, 2025 1:16:21 AM

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?

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1 Replies
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?

 

@mahe-thina