Can TurboTax reconcile stock transaction Wash Sales across multiple brokerage accounts (including both trading accounts and IRAs) and different brokerage firms.

I have already imported stock transactions from my multiple brokerage firms into TurboTax Premier.


There is no "reconciliation" process in TurboTax for that, particularly as stock trades inside an IRA are not recorded in the income tax return in the first place.

You will have to do that outside of TurboTax.  If you have lots of lots making up a sale or sales I'd advise using a spreadsheet.  Since you don't have reportable losses on sales inside an IRA there's no such thing as a "wash sale loss" inside IRA's though the "replacement shares" could lodge themselves there.

Tom Young

Was this answer helpful? Yes No
Default user avatars original

No answers have been posted

More Actions

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community