1099B shows a column"wash sale loss disallowed" with $91.10. How do I report this on Turbotax?

[TomK2023 · Accepted solution]

The IRS doesn't allow you to claim a "Wash Sale" loss if you bought the same stock (or very similar stock) within 30 days before or after the sale.

Enter Wash Sale Info:

1. Open or continue your return.
2. Under the Federal tab, Click on Wages & Income, then Click on Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
3. If you’ve already imported or started entering your 1099-B, click Edit next to that bank/brokerage.
4. Find the sale that corresponds to the disallowed loss.
5. Enter the Proceeds amount from the 1099-B.
6. Enter the total cost basis shown on the form.
7. Look for a checkbox or a dropdown menu often labeled "I have more info to enter about this sale" (or "Add more details").
8. Look for a field for "Wash sale loss disallowed.", and Enter the $91.10 there.

Check if you entered the Wash Sale info correctly by looking at your Schedule D (or Form 8949).  You should see:

1. The full loss in one column.
2. Code "W" in the adjustment column.
3. The $91.10 as a positive adjustment, which cancels out the loss for this tax year.