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

by TurboTax219 Updated 5 months 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 Let’s finish pulling in your investment income, select Add investments.
  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.
  8. Check I have other boxes on my 1099-B to enter and enter the wash sale loss disallowed in box 1g.
  9. 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 have investment income in 2024?
    • If you land on Let’s finish pulling in your investment income, select Add investments.
  4. From here, you can import or manually enter your 1099-B.
  5. On the OK, let's start with one investment type screen, select Stock, Bonds, Mutual Funds. Then select Continue.
  6. Answer the questions about your sales. Choose Enter one by one when asked.
  7. On the Now we’ll walk you through entering your sale details screen, enter your info.
  8. Check I have other boxes on my 1099-B to enter and enter the wash sale loss disallowed in box 1g.
  9. Select Continue and answer any follow-up questions.