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Level 4
Apr 9, 2025 8:04 PM UTC
Question

Wash Sales - correct coding

Sorry - different topic... I have several stock wash sales this year, but the replacement shares were all resolved within within 2024. I am entering the sales individually, and am coding those with the disallowed losses with a  "w" and entering the disallowed amount. When I enter the sales of the "replacement shares", do I simply include the disallowed loss amounts to the "cost basis" of the replacement shares, or is there some additional coding required?  Thank you!!

3 replies

Alumni - Intuit
Apr 9, 2025 8:09 PM UTC

Yes, include the disallowed amounts currently and from prior years, if applicable, to account for all of your losses if they are completed without repurchase in 2024.

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GayleS03Author
Level 4
Apr 9, 2025 8:12 PM UTC

No other coding necessary, just get the disallowed costs in there, correct?  Thanks DianeW777

Alumni - Intuit
Apr 9, 2025 8:17 PM UTC

Yes, that is correct. No special codes for a finished wash sale.

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