Enter a wash sale
You can report wash sales on Form 8949 with the code
W
in column (f)
. Do the following to enter a wash sale:- Go to theB&Dscreen or theBrokerscreen, both located in theIncomefolder. Only use theBrokerscreen for consolidated broker statements.
- From theB&Dscreen, open theSchedule for detailstatement. From theBrokerscreen, open theProceeds from broker transactionsstatement.
- Complete these fields:TSJ,Type,Desc,Date Acq’d,Date Sold,Sales Price, andCost/Basis.
- In the8949 Boxfield, select code1,2, or3. The code you select depends on whether you reported the sale on 1099-B or not, and whether you reported the basis to the IRS or not.
- In theAdj to G/Lcolumn, enter the nondeductible loss as a positive amount.
- In theAdj Codecolumn, selectW.
