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buster221
Returning Member

cannot file return disallowed wash sale

not to e-file, wash sale disallowed, checked 1099b numbers are correct. the amount is .13 cents. any way around this or should i paper file

 

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2 Replies
buster221
Returning Member

cannot file return disallowed wash sale

edit not .13 its 13.00

cannot file return disallowed wash sale

No, you should not have to paper file with a disallowed wash sale.  You should enter whole numbers, meaning round the cost of the sale and the sale to a whole dollar amount.

 

See the following IRS link for more information (under Computations): https://www.irs.gov/publications/p17/ch01.html

The IRS says 50 cents or more is rounded up, and 49 cents or less is rounded down. 

 

When you round up or down, if the cost of the sale is going to be greater than the sales amount, you would enter the difference, which would be no more than $1.

 

The following post has a discussion about disallowed wash sales.

 

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