1099-B Adjustment code

Forum|Forum|2 years ago
February 17, 2024
5 replies
45 views

Form 1099-B worksheet, adjustment code should not have an entry when a disallowed wash sale amount is entered. Remove the disallowed wash sale amount and include the adjustment here, or remove this manually entered adjustment code.

In this case, what code should i use? N, W, or NW.

With this error, can't pass smart check

Mike9241

Level 15

see 8949 instructions but if there's an adjustment a code must be entered. W for wash sales

Mike9241

joecan

Level 2

Supposedly a bug. I talked to TT and Etrade and they both said they know of no issue. But I just saw a post from TT here yesterday saying it;s being looked into. You can sign up to be notified

DawnC

Employee Tax Expert

Some TurboTax customers may be experiencing an error when importing Form 1099-B from their financial institution, where wash sales are incorrectly importing with adjustment code N instead of adjustment code W.

We’re currently working to resolve this issue. If you’d like to receive progress updates, click here, then choose the sign-up link.

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