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April 11, 2025
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Sch D - covered securities with both wash sale and accrued market discount

Related products:Lacerte
  • April 11, 2025
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Program does not calculate correctly when there is one disposal entered on screen 17.1 with both wash sale amount and an accrued market discount - codes D and W on Form 8949. Granted this would not be a common entry when you're entering every stock sale but when we enter as a bulk entry for covered securities this is pretty common. To get schedule D to calculate correct, you need to separate out and enter on 2 lines in screen 17.1. Would have been nice if the program gave me a warning about this rather than spending hours trying to figure out why Sch D doesn't add up.