Got Etrade/MS 1099-B with accrued market discount and non-deductible loss from wash sale Used the summary reporting method to enter investment sales. Where do I enter these Accrued market discount values and non-deductible loss from wash sale in TT ?

[vickap]

TT users/experts,

I got an Etrade/Morgan Stanley 1099-B with accrued market discount (box 1f

)  and non-deductible loss from wash sale (box 1g) with multiple bonds maturing.

I used the summary reporting method to enter investment sales in turbo tax i.e Short Term (box A/B) and Long Term (box D/E)

In Turbo Tax, should I add the accrued market discount total to the non-deductible loss from wash sale to Total adjustment to gain(or loss ) box under the "I need to adjust my total cost basis" box with D (accrued market discount) box checked and

check box for non-deductible loss from wash sale (W)

Thanks a lot, in advance.

[Mike9241 · Accepted solution]

the total of the market discount and wash sale go in the adjustment column (g) on form 8949 with codes D and W in column (f)

[vickap]

Thanks.

I added the values for Nondeductible loss from Wash sale  (W) and Accrued market discount (D) and put it in Total adjustment to gain (or loss box) as a negative number.

I will be sending my 8949 form along with the 1099-B statements from my brokerage for the details on the Nondeductible loss from Wash sale  (W) and Accrued market discount (D) transactions.