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

Wash Sale Deferred due to not closing the trade and a stock buy in Jan 2024

Forum|Forum|2 years ago
January 20, 2024
1 reply
0 views

TD Ameritrade released the 1099B yesterday. When do they release the detailed summary and finalize the 8949?

I had 4 stocks with wash sales that were noted under wash sale loss disallowed. One of those 4 was deferred.

How can I tell if TD Ameritrade made the adjustment for the deferral stock and how do I enter it? I want to make sure I don't take the the loss? Maybe I'm thinking into to it to much but don't understand the difference between a wash sale and deferral wash sale and where reported in turbo tax.

Way too many people have this problem. Hopefully someone from Turbo tax will explain.

when you get your January statement look at the cost shown for the deferral stock. it should be what you paid plus the wash sale deferred.

Employee

"difference between a wash sale and deferral wash sale "

there is no such thing as a deferral wash sale.

If you have a wash some or all of the loss is denied.

the triggering shares you bought within the window that caused you to have a wash sale have their basis adjusted.

eventually , in most cases you will get that loss on your Schedule D later.

Employee

TD Ameritrade says:

"Most 1099s will post by 2/15/2024 "

The broker must wait to see if any activity in January triggers a wash on a sale placed in December.