Computing Wash sale Loss Disallowed after transferring from Robinhood to Fidelity

[techie123]

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.

[FangxiaL]

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:

1. Click on Review under the 1099-B form
2. Under Sales info, check the box I have other boxes on my 1099-B to enter, Wash sale loss disallowed is reported in Box 1g if any.