Bob Hoffman Posted April 12, 2009 Report Share Posted April 12, 2009 Sorry- I'm having a brain cramp. Wash sales - proper procedure in ATX- show whole loss and "minus out" the unallowed loss? Quote Link to comment Share on other sites More sharing options...
jasdlm Posted April 12, 2009 Report Share Posted April 12, 2009 I enter the wash sale portion as a separate transaction . . . there's a 'wash sale' code in the box in the upper right corner. (KC taught me this.) Quote Link to comment Share on other sites More sharing options...
Bob Hoffman Posted April 12, 2009 Author Report Share Posted April 12, 2009 I enter the wash sale portion as a separate transaction . . . there's a 'wash sale' code in the box in the upper right corner. (KC taught me this.) So if the entire transaction (say a loss of $100) is a wash the first transaction should net to 0 gain/loss and the wash sale portion should read loss of $100? Quote Link to comment Share on other sites More sharing options...
joelgilb Posted April 12, 2009 Report Share Posted April 12, 2009 So if the entire transaction (say a loss of $100) is a wash the first transaction should net to 0 gain/loss and the wash sale portion should read loss of $100? If the enter transaction is a loss I show the loss of $100 then on the next line back out the loss and show "Stock Wash Sale Adj" 100 gain. If you use the code for ATX, I think it will handle it for you automatically., however, the code in ATX doesn't work for situations where the the wash sale is only a portion of the loss, and in those cases you will have to enter the was sale adj on a seperate line by itself. Quote Link to comment Share on other sites More sharing options...
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