topic Re: Wash Sales - correct coding in Get your taxes done using TurboTax

Wash Sales - correct coding

GayleS03 — Wed, 09 Apr 2025 20:04:22 GMT

Sorry - different topic... I have several stock wash sales this year, but the replacement shares were all resolved within within 2024. I am entering the sales individually, and am coding those with the disallowed losses with a "w" and entering the disallowed amount. When I enter the sales of the "replacement shares", do I simply include the disallowed loss amounts to the "cost basis" of the replacement shares, or is there some additional coding required? Thank you!!

Re: Wash Sales - correct coding

DianeW777 — Wed, 09 Apr 2025 20:09:13 GMT

Yes, include the disallowed amounts currently and from prior years, if applicable, to account for all of your losses if they are completed without repurchase in 2024.

Re: Wash Sales - correct coding

GayleS03 — Wed, 09 Apr 2025 20:12:15 GMT

No other coding necessary, just get the disallowed costs in there, correct? Thanks DianeW777

Re: Wash Sales - correct coding

DianeW777 — Wed, 09 Apr 2025 20:17:06 GMT

Yes, that is correct. No special codes for a finished wash sale.