I have transferred my account from Robinhood to Fidelity in July 2021. I have wash sale loss disallowed in my Robinhood 1099. Many of those positions were closed through Fidelity by year-end. But the wash loss disallowed amount is not added to the cost prices of the stocks transferred to Fidelity. My questions is
1. Do I have to adjust the cost price of those stocks in Fidelity 1099?
2. Will the price or wash sale disallowed amount gets adjusted when I import both Robinhood 1099 and Fidelity 1099 to Turbotax?
Please give some guidance.
Enter the 1099-B forms as they are issued to you. If you import both 1099-Bs from Robinhood and Fidelity, always check for accuracy after importing. Any wash sales should be imported as well, but double-check to make sure.
Here is how to check: