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Federal Review: 1099-B has a disallowed wash sale of $0.19 imported. Review has it rounded to 0. error...

During federal review, 1099-B (imported form) pops up with an error "wash sale disallowed".  Import amount was $0.19 and 1099-B rounds down to 0.

Review says cannot be zero, but cannot edit the amount.  Stuck.

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1 Reply
JohnB5677
Expert Alumni

Federal Review: 1099-B has a disallowed wash sale of $0.19 imported. Review has it rounded to 0. error...

To enter a disallowed Wash sale:

  1. Income & Expenses
  2. Scroll to Stocks, Mutual Funds, Bonds, Other
  3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
  4. On the OK, what type of investments did you sell? screen, select Stock, Bonds, Mutual Funds. Then select Continue.
  5. From here, you can import or manually enter your 1099-B.
  6. Answer the questions about your sales. Choose to Enter sales one by one when asked.
  7. On the Now, we'll enter one sale on your 1099-B screen, enter your info.
  8. Check I have other boxes on my 1099-B to enter and enter the disallowed wash sale loss in box 1g.
  9. Select Continue and answer any follow-up questions.

Note: You'll need TurboTax Premier, TurboTax Live Premier, or TurboTax Self-Employed, TurboTax Live Self-Employed, to add any 1099-B forms.

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