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New Member
posted Feb 22, 2021 6:28:37 PM

How can I added a wash sale loss amount that are less than 1 dollars such as 0.30 ?

the product online won't let me enter a wash sale amount that is less than 1 dollar such as 0.30.

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3 Replies
Level 15
Feb 22, 2021 7:51:14 PM

I'm sharing an answer given by co-Champion @rjs .  Hope this takes care of your issue.

 

You can't correct the problem in Smart Check because you can't uncheck the box there. You have to go back to where the sale was entered in the interview under Investment Income > Stocks, Mutual Funds, Bonds, Other. Edit the sale and delete the wash sale loss amount. In other words, since the wash sale loss is less than 50 cents, you don't report it as a wash sale. That eliminates the error.

New Member
Feb 22, 2021 7:52:45 PM

okay thank you! It solved the problem neatly!

Level 15
Feb 22, 2021 8:01:09 PM

Great!  Thanks to @rjs !