Should shares in a stock. Received 1099-B from my financial institution. When transferred into TT, form 8949 showed a "W" in box (f). Box (g) has a number in it and box (h) showed a loss. Is there something I need to add (amend) to my federal tax?
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A "W" means a wash sale, and the loss on that sale is not being allowed.
The loss not allowed needs to be added to the basis on the stock that was purchased that is similar or same stock.
A "W" means a wash sale, and the loss on that sale is not being allowed.
The loss not allowed needs to be added to the basis on the stock that was purchased that is similar or same stock.
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