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lbbsd7
New Member

after calculating loss there was no place to add Wash sales which decreased total loss. How do I reconcile this?

My 1099 included a Wash loss, but system did not provide a place to add this number. Failure to include allowed for a higher loss.
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2 Replies
ThomasM125
Expert Alumni

after calculating loss there was no place to add Wash sales which decreased total loss. How do I reconcile this?

You need to edit your investment sale and find the screen that says Review this (name of broker) Sale. It is where you enter the sales proceeds and cost basis. There you will see an option that says I have other boxes on my 1099-B to enter. Check that box and you will see where you can enter the wash sales reported in box 1(g) on your Form 1099-B.

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after calculating loss there was no place to add Wash sales which decreased total loss. How do I reconcile this?

The disallowed loss should go in the adjustment column with code W. 

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