Wash sales on Schedule D
To report wash sales per Form 8949 instructions in UltraTax/1120, access the
D
screen located in the Schedule D
folder, open the Detail schedule
statement window, then enter the following information:- Enter the description, date acquired, date sold, sales price, and cost/basis.
- Enter the nondeductible loss as a positive amount in theAdj to G/Lfield. For covered securities, the disallowed wash sale amount will be reported on Form 8949.
- SelectW,Nondeductible loss from a wash salefrom theAdj Codefield.
