1099-B Wash Sale Correction

[bazinga22]

Hello, when I import my 1099-B from Tdameritrade, this captures all transactions as wash sale, so my tax liability is a lot more.

How can i track transactions that not be categorized as wash sale?

So, For example, I bought 10 shares of ABC at 100 Bucks, Total 1000. Now I sold it at 90. Loss = 1000-900=$100

Now, I understand that I cannot realize that 100 bucks IF i buy ABC again in say 5 days for 80 bucks. 

Now consider I SOLD it all at 80 bucks again before 12/31. So my total LOSS on that ABC purchase is 100+0= 100

I should be able to remove that 100 from wash sale right? the TD ameritrade statement does not reflect that. And When I import it on Turbotax, it is still calling those are wash sales. How can I get around it?

[Mike9241]

the wash sale period is the 30  days before or after the sale of securities at a loss. that can even carry over into 2023 if you sell at loss in late December 2022 and but substantially identical stock in early 2023 you have  a wash sale on that December sale. the disallowed loss is added by the broker to the securities purchased that caused the wash sale so you must dispose of them to get the loss and avoid buying substantially identical stock 30 days before or after that sale.

if you think your 1099-B Is wrong contact the broker. because the IRS will get the same 1099-B which won't match with what you would be reporting

Now, I understand that I cannot realize that 100 bucks IF i buy ABC again in say 5 days for 80 bucks. nope it's 30 days before or after the date of the sale at a loss and what you pay to purchase the new shares is irrelevant. 

[bazinga22]

Thank you, Yes, I did not buy those in 2023 again. I have no standing orders currently.