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April 9, 2025
Question

Wash Sales - correct coding

  • April 9, 2025
  • 1 reply
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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!!

1 reply

April 9, 2025

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
April 9, 2025

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

April 9, 2025

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

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