Should shares in a stock. Received 1099-B from my financial institution. When transferred into TT, form 8949 showed a "W" in box (f). Box (g) has a number in it and box (h) showed a loss. Is there something I need to add (amend) to my federal tax?
You'll need to sign in or create an account to connect with an expert.
A "W" means a wash sale, and the loss on that sale is not being allowed.
The loss not allowed needs to be added to the basis on the stock that was purchased that is similar or same stock.
A "W" means a wash sale, and the loss on that sale is not being allowed.
The loss not allowed needs to be added to the basis on the stock that was purchased that is similar or same stock.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
cnhowardcell
Returning Member
Daniel175
New Member
DANETTE ELLIS
New Member
seandallas
New Member
dana4273
New Member