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How do I enter a wash sale on my 2024 return?

by TurboTax•129• Updated 2 weeks ago

You can enter this info in the investment section of TurboTax. Select the product you’re using for the right instructions.

You'll need TurboTax Premium or any TurboTax Desktop product to add any 1099-B forms.

  1. Open or continue your return.
  2. Go to wash sales.
  3. Answer Yes to Did you have investment income in 2024?
    • If you land on Your investment sales summary, select Add more sales.
  4. On the OK, let's start with one investment type screen, select Stock, Bonds, Mutual Funds. Then select Continue.
  5. From here, you can import or manually enter your 1099-B.
  6. Answer the questions about your sales. Choose to enter sales One by one when asked.
  7. On the Now, enter one sale on your 1099-B screen, enter your info. Check I have other boxes on my 1099-B to enter and enter the disallowed wash sale loss in box 1g.
  8. Select Continue and answer any follow-up questions.
  1. Open or continue your return.
  2. Search for wash sales and select the Jump to wash sales link.
  3. Answer Yes to Did you sell any investments in 2024?
    • If you land on Here's all the investment accounts we have so far, select Add more sales.
  4. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
  5. From here, you can import or manually enter your 1099-B.
  6. Answer the questions about your sales. Choose I'll enter one sale at a time when asked.
  7. When prompted, enter the info from your 1099-B.
  8. On the next screen, enter the disallowed wash sale loss in box 1g.
  9. Select Continue and answer any follow-up questions.

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