You'll need to sign in or create an account to connect with an expert.
The error message you are seeing on the wash sale entries is a result of automatic rounding. If the wash sale adjustment is $0.49 or less, then it is automatically rounded to zero. This type of rounding is allowed by the IRS.
Unfortunately, zero is not a valid value for this field for TurboTax, thus the error message.
To enter a disallowed Wash sale:
Income & Expenses
Note: You'll need TurboTax Premier, TurboTax Live Premier, or TurboTax Self-Employed, TurboTax Live Self-Employed, to add any 1099-B forms.
I received the reply but later went on to work on state taxes and when I finished and looked at review again, the message was that everything was ready to submit even though I had done nothing with the wash sale issue. I've not had time to work on taxes since then but this is confusing to say the least.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
gupta
Returning Member
demericle
New Member
KMJK
Level 3
jtj1
New Member
ZHHC005
New Member