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Level 6
March 23, 2025
Question

Mutliple Wash sales entry..

  • March 23, 2025
  • 2 replies
  • 17 views

Typically I enter each wash sale on the 1099-B worksheet.

Now I have a situation where I've already see 26 and am not yet done counting.  All the transactions have a reported basis.   

What's a way to work around this?   Do some of you just enter a total?

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2 replies

IRonMaN
Level 15
March 23, 2025

I haven't had a client with any large wash sales so I have just entered a one total.

Slava Ukraini!
dascpa
Level 11
March 23, 2025

There is no requirement to enter each one individually. You can use something like Short-Term Covered Sales with a 12/31/24 date for sale and Various for purchase, then put in grand total for sales price, cost basis and wash sales. Note, this doesn't work for accrued market discount items. Those have to be entered individually.