wash sale affecting total gain

I would like to take a deeper look at this. However, I need a diagnostic file which is a copy of your tax return that has all of your personal information removed. You can send one to us by following the directions below:

 

TurboTax Online:

1. Sign into your online account.
2. Locate the Tax Tools on the left-hand side of the screen.
3. A drop-down will appear. Select Tools
4. On the pop-up screen, click on “Share my file with agent.”
5. This will generate a message that a diagnostic file gets sanitized and transmitted to us.
6. Please provide the Token Number that was generated in the response.

TurboTax Desktop/Download Versions:

1. Open your return.
2. Click the Online tab in the black bar across the top of TurboTax and select “Send Tax File to Agent” *
3. This will generate a message that a diagnostic copy will be created.  Click on OK and the tax file will be sanitized and transmitted to us.
4. Please provide the Token Number (including the dash) that was generated in the response.

*(If using a MAC, go to the menu at the top of the screen, select Help, then, “Send Tax File to Agent”)

 

Hi MaryK4, 

 

I have followed your instruction to 'send the tax file to an agent".

The token number is:

130970105-75583863.

 

 

hopefully this will help you identifying the 'bug'.

 

thank you!

 

Julian

@juliangao It is redacting the first part of the token code.  Can you try to put spaces between the first set of numbers like this: 1 2 3 4 5.  Thanks!

i just resent another tax files since i lost the previous number.  the new token number is below:

 

 1 3 0 9 7 0 1 0 5 - 5 5 5 5 5 8 5 8

Turbotax will report what you entered.

What is the net gain that your broker statement gives you.

 

If you sold the triggering shares in 2024, the net gain should be the same as if you never had a wash sale.

This is true if you trade that security in one account only.

 

@juliangao 

hi, any news regarding your findings?

 

thanks!

Hi Julian,

I'm having same issue with TurboTax product! Right after I posted mine, I saw yours. This is definitely a major defect, in my case, TurboTax over-reports ~$65000 total gain, and the discrepancy seems to be the difference between "Total Wash Sales and Total Market Discount" is added to my total gain, those two values should be separately reported like 1099B Tax statement generated by Fidelity.

 

FYI: my post: "TurboTax Premier 2024 mishandle imported Total Wash Sales and Total Market Discount Data"

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/turbotax-premier-2024-mishandle-imported-total-wash-sales-and-total-market-discount-data/00/3581070

 

yeah, still hoping for Turbo Tax to address this issue!