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cjwclw
March 15, 2021
Question

Where do I enter wash sale loss disallowed in Summary Investment Sales Section? (not entering individual sales) Do I use Adjustment to cost basis?

  • March 15, 2021
  • 1 reply
  • 0 views
Investment sales are too many to enter individually.   The online info doesn't seem to work with Summary.  Help!  This is my first time using TurboTax.

1 reply

D
DavidD66
March 15, 2021

Yes, you enter the wash sale as an Adjustment.  After entering the summary totals, check the box for "I need to adjust my total cost basis".  Enter the amount of the Wash Sale Adjustment, and mark the box W, (nondeductible loss from a wash sale).

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    Employee
    March 15, 2021

    @DavidD66 

    your answer is incorrect. 

    poster want to use the summary method.

     

    @cjwclw 

    after entering the basic summary, it ask you if you have any adjustments (or other).

    Say YES and the box for total  adjustments should appear.

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