Sale includes a disallowed wash sale loss (code W). Amount (leave blank if all) shows 0 the amount is .15 but doesn't work. No value works, What should I do?

[Anonymous]

The "Blue Bar" goes across the top of your screen: on the left side it says "Intuit Turbo Tax--Premier, in the middle of the Blue Bar is your "Federal Refund / Tax Due Box" and on the left are three Icons with lables: Forms, Flags, & Notifications. Hope this helps....

[de_prof2003]

I am using the online filing version of Turbo Tax. I imported my 1099B directly from my broker. However when Turbo tax shows my Investment Sales Summary, the Turbo Tax 1099B totals do not match my broker's 1099B totals

The Turbo Tax total are as follows: $786,758.00   $817,011.00   $28,704.00   -$1,549.00
Broker totals are:                                  786,756.20   817,008.10      28,699.97      -1,551.93

When rounded, the gains should be -1,552, not -1549, and the other totals are off by more than a dollar. Please explain why this discrepancy, and what to do about it. I need to file today.

Thanks : )

[de_prof2003]

I am using the online filing version of Turbo Tax. I imported my 1099B directly from my broker. However when Turbo tax shows my Investment Sales Summary, the Turbo Tax 1099B totals do not match my broker's 1099B totals

The Turbo Tax total are as follows: $786,758.00    $817,011.00     $28,704.00   -$1,549.00

Broker totals are:                                786,756.20       817,008.10        28,699.97    -1,551.93

When rounded, the gains should be -1,552, not -1549, and the other totals are off by more than a dollar. Please explain why this discrepancy, and what to do about it. I need to file today.

Thanks  : )

[shwiz]

I have 1000's of trades imported. Only a few are wash sale disallowed. What is not at all clear is what numbers need to be entered in this summary solution. The amount with the sale added? the amount without the wash sale amount. Do you decrement the total value by the few entered? How about some help here

The help is circular. I know what the law is. It appears that TurboTax is not doing this correctly. Used TurboTax since the first year it was available 30+ years. This is the last year if they don't fix this section.

[scarletjim]

When wash sales are less than $0.50 TT generates an error message due to their botched up programming. You will have to go to the each transaction specific 1099-B worksheet that has the red exclamation point flag and dive into the worksheet. When you get to data, you will have enter zero for the wash sale amount. That should clear the error for that transaction.  Rinse and repeat until all error flags are cleared.