Import issue

Forum|Forum|1 year ago
March 12, 2025
1 reply
2 views

I sold the same stock on a same day more thanonce however, aftyer the imprott TurboTax only shows me one of the transactions.

JohnB5677

Level 15

You may have created a "Wash Sale'

The wash sale rule prohibits taxpayers from claiming a loss on the sale or other disposition of a stock or securities if,

within the 61-day period that begins 30 days before the sale (generally, the trade date) or other disposition,
Or they: Acquire the same or a “substantially identical” stock or securities.

To simplify this:

If you buy and sell a stock at a loss, and buy it back again within 30 days, you cannot take the loss.
It will reduce the basis of the stock and be credited when you finally sell those shares.

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fctmaghoulAuthor

Level 2

Wrong assumption regarding wash sale since this is not the case. These were two independent sales and not a wash sale. The stock were purchased at different dates and were sold on the same day. So, what other issue could there be.

DavidD66

Level 15

I can't explain why one of your transactions did not import. After verifying (compare the TurboTax transaction totals to the 1099-B totals) that the transaction is missing, just manually enter the missing transaction. It will be a lot easier than trying to determine why it did not import.

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