topic Re: 1099B in Get your taxes done using TurboTax

1099B

drtgs — Tue, 10 Feb 2026 10:51:25 GMT

I downloaded my 1099 B. It contains a couple of transactions that are wash sales. The review indicates that when a wash sale is disallowed there should not be a letter code and that I can remove it. It does not let me do that. Additionally, if I attempt to remove the transactions from the download it won't allow that eighter. Evidently, you cannot edit a 1099B that has been downloaded. I spoke to TurboTax, and they did not have an answer and basically indicated that is just the way it is. the work around was I had to enter the transactions manually. This is not an ideal solution and takes too much time. They don't care!!

Re: 1099B

Mike9241 — Sat, 24 Feb 2024 20:58:43 GMT

? according to 8949 instructions there should be code w for a wash sale if there is an amount in the adjustment column. on the other hand, if you dispose of a security in a fully taxable transaction that had its basis adjusted by a previous wash sale, there would be no adjustment so no code W.

per 8949 instructions

You have a nondeductible loss from a wash sale
use Code W
Report the sale or exchange on Form 8949 and enter the amount of the nondeductible loss as a positive number in column (g). See the Schedule D instructions for more information about wash sales generally and Pub. 550 for more information on wash sales involving substantially similar stock or securities. If you received a Form 1099-B (or substitute statement) and the amount of nondeductible wash sale loss shown in box 1g is incorrect, enter the correct amount of the nondeductible loss as a positive number in column (g). If the amount of the nondeductible loss is less than the amount shown on Form 1099-B (or substitute statement), attach a statement explaining the difference. If no part of the loss is a nondeductible loss from a wash sale transaction, enter -0- in column (g).

Re: 1099B

drtgs — Tue, 27 Feb 2024 00:50:30 GMT

It would be nice if my post was read. I know what to do. TurboTax won't let me make any changes. I assume it has something to do with being downloaded from the brokerage

Re: 1099B

DawnC — Tue, 27 Feb 2024 01:58:50 GMT

You can edit your transactions. What kind of problem are you having?

How do I update or delete something I imported into TurboTax?