https://ttlc.intuit.com/community/taxes/discussion/re-1099-b-form/01/3226496#M1191035 <P>You can enter this info in the investment section of TurboTax. &nbsp; Select the product you’re using for the right instructions. &nbsp; You'll need TurboTax Premium or any TurboTax Desktop product to add any 1099-B forms.</P> <P>&nbsp;</P> <H4><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-wash-sale-2021-return/L81BEUt8l_US_en_US?uid=lt6b8tr4#sh-viewContent-details_without_placeholder_tagscollapse0" target="_blank">TurboTax Online</A></H4> <H4><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-wash-sale-2021-return/L81BEUt8l_US_en_US?uid=lt6b8tr4#sh-viewContent-details_without_placeholder_tagscollapse1" target="_blank">TurboTax Desktop</A></H4> <P>The <A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/investment-income/wash-sale-rule/L1pksI1ch_US_en_US?uid=lt6b8wty" target="_blank">wash sale rule</A> prevents you from deducting losses when you buy replacement stocks or securities (including contracts or options) within a 30-day period either before or after you sold substantially identical securities. &nbsp; TurboTax will report your wash sales correctly; use the instructions above. &nbsp;</P> <P>&nbsp;</P> <P>The tax or cost basis of the replacement securities is the new cost increased by the disallowed loss. &nbsp; This applies even if you buy the replacement stock in a different account. Buying the replacement stock in an IRA can be especially painful, since cost basis isn't typically recognized in these accounts. &nbsp; Therefore, the loss on the sale would be lost.</P> Wed, 28 Feb 2024 21:33:09 GMT DawnC 2024-02-28T21:33:09Z https://ttlc.intuit.com/community/taxes/discussion/1099-b-form/01/3226463#M1191034 <P>I've received a 1099-B form that has the amount in 1g section. It reads Wash Sale Loss Disallowed. What should I do with this number?</P> Tue, 10 Feb 2026 10:29:56 GMT https://ttlc.intuit.com/community/taxes/discussion/1099-b-form/01/3226463#M1191034 GAG1 2026-02-10T10:29:56Z https://ttlc.intuit.com/community/taxes/discussion/re-1099-b-form/01/3226496#M1191035 <P>You can enter this info in the investment section of TurboTax. &nbsp; Select the product you’re using for the right instructions. &nbsp; You'll need TurboTax Premium or any TurboTax Desktop product to add any 1099-B forms.</P> <P>&nbsp;</P> <H4><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-wash-sale-2021-return/L81BEUt8l_US_en_US?uid=lt6b8tr4#sh-viewContent-details_without_placeholder_tagscollapse0" target="_blank">TurboTax Online</A></H4> <H4><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/import-export-data-files/enter-wash-sale-2021-return/L81BEUt8l_US_en_US?uid=lt6b8tr4#sh-viewContent-details_without_placeholder_tagscollapse1" target="_blank">TurboTax Desktop</A></H4> <P>The <A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/investment-income/wash-sale-rule/L1pksI1ch_US_en_US?uid=lt6b8wty" target="_blank">wash sale rule</A> prevents you from deducting losses when you buy replacement stocks or securities (including contracts or options) within a 30-day period either before or after you sold substantially identical securities. &nbsp; TurboTax will report your wash sales correctly; use the instructions above. &nbsp;</P> <P>&nbsp;</P> <P>The tax or cost basis of the replacement securities is the new cost increased by the disallowed loss. &nbsp; This applies even if you buy the replacement stock in a different account. Buying the replacement stock in an IRA can be especially painful, since cost basis isn't typically recognized in these accounts. &nbsp; Therefore, the loss on the sale would be lost.</P> Wed, 28 Feb 2024 21:33:09 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1099-b-form/01/3226496#M1191035 DawnC 2024-02-28T21:33:09Z