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Is there a limitation on the Was Sale Disallowed Amount (mine is $38 million and Turbo Tax gives me an error)?

Forum|Forum|4 years ago
February 11, 2022
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Turbo Tax successfully download all mt trades from my brokerage but when it I check for erros before I file, it says that my Wash Sale Disallowed amount of $38 million must be between the minimum and maximum amount allowed. Is this a Turbo Tax limitaion or an IRS limitaion? How do I get around this?

TurboTax Self Employed Online

Best answer by KatrinaLO

TurboTax only supports amounts less than $10 million. You can use ProConnect which would meet your requirements.

Please see the information here for assistance with ProConnect.

K

KatrinaLOAnswer

TurboTax only supports amounts less than $10 million. You can use ProConnect which would meet your requirements.

Please see the information here for assistance with ProConnect.

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D

dexgreen1Author

thanks, that was indeed the problem and my question was answered. with that said, there is no reason for turbo tax to limit this wash sale amount to under $10 million.