SOLVED I keep getting prompted to go back to check the Disallowed Wash Sale section on my 1099B.

[camgurl]

UPDATE: I solved this issue! When you have the chat/help box open the 'Edit' icon become blocked from view. Once that chat/help box is minimized the 'Edit' icon becomes viewable.

I have eight disallowed wash sales on my form 1099B (which I automatically imported to TurboTax from my financial institution). For each one, the entire amount of loss is disallowed. Seven out of eight of the amounts are less than $.50.

When prompted to go back and correct these eight entries I have tried leaving the box blank for each one, as well as simply entering a zero for each entry. Neither works. When I try to go back to manually adjust each sale entry in order to edit box 1g, there is no 'Edit' button or way to amend the sale entry in any way.

TurboTax won't let me move on with my return without correcting this issue. Is the only way forward to manually enter every single sale on my 1099B (there are 66 in total!) rather than importing the form automatically?

[ColeenD3]

Yes. Please see this answer from AnnetteB6.

To resolve the issue, you can edit each individual transaction (although not from the screen in the review process) and delete the amount entered in the wash sale adjustment if it is $0.49 or less.  This will clear the error message.  

To do this, you will need to revisit the input section for the Form 1099-B transactions.  Use the following steps:

• On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
• This opens a box where you can type in “1099-B” and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
• The search results will give you an option to “Jump to 1099-B”
• Click on the blue “Jump to 1099-B” link
• Click Edit beside the institution name
• Click Edit beside each transaction that contains a wash sale adjustment amount of $0.49 or less
• Delete the wash sale adjustment amount and click Done

If you have too many transactions that would require editing, you can consider deleting your imported information and entering a summary of the different categories of transactions reported on your Form 1099-B (short-term covered, short-term not covered, long-term covered, long-term not covered).  This may require you to mail a copy (not the original) of your Form 1099-B from your brokerage to the IRS within three days of filing your return.  The Form 1099-B would be attached to Form 8453, which will print with your return.

[camgurl]

Thank you! But it doesn't seem like you read my post.

[KathrynG3]

Thank you for sharing that the chat box was covering the Edit. 

For your future reference~

Regarding amounts under $0.50, it is acceptable to leave them off.

Unfortunately, it is true that the transactions would need to be edited individually if you are experiencing unexpected results.

• In TurboTax Online, the adjustment is made individually at the point of entry for each transaction listed in Investments.
• In TurboTax CD/Download, there is a Capital Gain/Loss worksheet where an adjustment can be made. 

@camgurl