1982272
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If this is your only wash sale, keep in mind that you could leave this cell blank. The IRS does not require you to report amounts under $0.50.
If you do want to adjust it to accurately capture what you received on your statement, then return to Part III of your Capital Gain (Loss) Adjustments Worksheet. Scroll down and follow these steps:
Alternatively, if nothing is in Part III for the wash sale, use Part II for Manual Adjustments. Enter Code W and enter the amount in the same manner as the steps above.
I have tested this and it does take amounts less than $0.50.
See the screenshots:
Thank you for the information. I have tried the suggestions and have not been able to resolve the issue. I tried to enter "W" in the manual portion and the "X" in the box in part III still remained. This is the only error keeping me from e-filing. Anyone with the same problem, please send help!! Thanks in advance.
Since the IRS allows you to round to the nearest dollar, amounts under $0.50 could be considered as zero.
If TT is not allowing you to enter zero for the adjustment, then I'd just not enter the adjustment at all.
I can't give you legal advice, but if I could, I would absolutely guarantee you that if you don't intend fraud, the IRS will not send a SWAT team to your house to find out why you didn't report a 30-cent adjustment.
I have tried everything to change the amount in the box for the Wash Sale in Part III. Can't. Even went to the form 1099 for this Worksheet. Didn't know what to change to make this 'X' go away. My only solution may be to print my return and mail it, making Turbo Tax useless.
NOT HAPPY WITH TURBO TAX. NO WAY TO CONTACT TURBO TAX.!!!! NOT HAPPY!!!
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