TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

Turbo tax is picking up box 1g in 1099-B, but NOT net GAIN/LOSS, how to adjust it ?

Forum|Forum|1 year ago
March 15, 2025
1 reply
0 views

No text available

You would enter the wash sale amount in Box 1G that was reported to you by your broker. The adjustment code for wash sales is just a "W". You would need to select that code and then proceed through the remaining questions.

Here's more info on Entering Wash Sales.

dedhia-jyotiAuthor

The question is not about how to enter the wash sale. I uploaded the 1099-B into Turbo-Tax from Fidelity. it is picking up this 1g amount, but next to it is a net amount, which is not picked up by Turbo-Tax. (May be Fidelity should not have mentioned anything in 1g, if in that 30 days+- period, there is no activity and wash sale is net loss.) for now, I am removing this 1g amount in turbo tax by editing it. Do not know if that is the right way of doing it.

Does the amount that you removed appear to be the basis of the investment adjusted by the amount of the wash sale?

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"