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New Member
posted Feb 17, 2024 10:31:42 AM

1099-B Adjustment code

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

0 5 497
5 Replies
Level 15
Feb 17, 2024 10:39:17 AM

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

Level 2
Feb 20, 2024 4:21:13 PM

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

Expert Alumni
Feb 20, 2024 4:25:38 PM

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.  

 

Level 2
Feb 23, 2024 4:10:44 PM

Is this still being worked on? Is there an issue number or bug number? The post I book marked was deleted

 

thanks

Expert Alumni
Feb 25, 2024 5:55:43 PM

The issue with 1099-B's incorrectly importing with adjustment code N has now been resolved. 

 

Please let us know if you are still having issues so that we can assist you further.  @joecan