Wash Sales

Forum|Forum|2 years ago
February 15, 2024
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I have loss sales reported on a stock in one brokerage account, but I also had purchases in another account (RSU vesting) with 30 days of the loss. Nothing is reported as a wash sale on the 1099-B. How do i adjust for that in Turbox Tax (Download Premier)? I imported the 1099-B directly from the brokerage.

Mike9241

If your RSUs vested within 30 days of your stock sale, it’s crucial to determine whether they are considered “substantially similar” to the stock you sold. If they are, the wash sale rule applies.

for the stock sale entry in the 8949 enter the wash sale amount and w for the code in the 8949

assuming the RSUs are substantially identical then the wash sale only applies to the number of shares represented by the RSU.

for example if the RSUs represent 100 shares but the stock sale was for 200 shares the wash sale would only apply to 100 shares sold at a loss.