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Level 2
posted Mar 11, 2025 5:27:54 PM

Import issue

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

0 3 517
3 Replies
Expert Alumni
Mar 12, 2025 4:44:21 AM

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.

Level 2
Mar 12, 2025 11:00:47 AM

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. 

Expert Alumni
Mar 19, 2025 5:21:35 PM

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.