Wash sales-Sch D

[Bob Hoffman]

Sorry-

I'm having a brain cramp. Wash sales - proper procedure in ATX- show whole loss and "minus out" the unallowed loss?

[jasdlm]

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.)

[Bob Hoffman]

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?

[joelgilb]

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.