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Level 2
posted Mar 3, 2020 2:33:14 PM

Can't Add Stock Sale to Imported 1099-B

I have Turbotax Premier.

 

I imported a 1099-B (into Turbotax) with dozens of transactions from a financial institution.

I also downloaded a pdf copy of the 1099-B from the institution.

The pdf copy shows two separate transactions for one specific stock symbol. One of those transactions involved a wash sale so it's correct that the two transactions are kept separate.

However, in Turbotax I see these two transactions combined into one transaction.

Turbotax won't let me add another stock sale into the imported 1099-B.

So what I did was add a totally new stock transaction under the same financial institution account number as the imported 1099-B. But now Turbotax is warning me that I'm using the same account number in both cases.

 

Does this matter?  And will the IRS care that the wash sale transaction was entered separate from the imported 1099-B transactions?

 

Thanks,

Ron

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1 Replies
Expert Alumni
Mar 3, 2020 3:01:17 PM

No, it doesn't matter.  The IRS will not care that the wash sale was entered separately.  If you want to eliminate the TurboTax warning, you can just delete the account number for the 1099-B you entered - it is not needed or used for anything other than importing.