1099-B Worksheet Check - Error - Date Sold and Date Acquired in previous year

Forum|Forum|1 year ago
February 24, 2025
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I'm getting an error in the final check on my 1099-B. It says that "Date Sold must be in the year 2024, unless the Date Acquired is in 2024 and this is a short sale or similar transaction."

Both the Date Acquired and Date Sold are in the previous year, 12/29/2023. I believe the bank listed this transaction because there's another one with the same stock in January, and therefore this is wash sales. Isn't it correct for the bank to list the transaction here? I can't pass by the error to finish filing.

DawnC

Employee

You should remove the transaction that was sold in 2023. The wash sale rule prevents you from deducting losses when you buy replacement stocks or securities (including contracts or options) within a 30-day period either before or after you sold substantially identical securities. How to enter a wash sale in TurboTax

Tip: If you purchased and sold stock at a loss within 30 days, but didn't purchase or acquire substantially identical stock or securities, you have a short-term capital loss instead of a wash sale.

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