topic If I'm deducting my losses from a wash sale on form 8949 what do I put in column H? The amount of the purchase, the loss or the difference between the two? in Deductions & credits

If I'm deducting my losses from a wash sale on form 8949 what do I put in column H? The amount of the purchase, the loss or the difference between the two?

lmontoya73 — Thu, 04 Mar 2021 02:40:14 GMT

Re: If I'm deducting my losses from a wash sale on form 8949 what do I put in column H? The amoun...

DaveF1006 — Thu, 04 Mar 2021 03:01:07 GMT

It depends. Looking at the 8949, it's the amount of the purchase MINUS cost or other basis and COMBINE these with the amount of the wash sale adjustment. What ever amount is calculated in reported in column H.

Re: If I'm deducting my losses from a wash sale on form 8949 what do I put in column H? The amoun...

fanfare — Thu, 04 Mar 2021 20:55:07 GMT

hey a "wash sale loss disallowed" means you took a loss.

The loss disallowed is always positive and it is added to your loss,

you will then report a smaller loss or no loss on that transaction.