Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Wash sale input?

efheiman
Level 2
I have a wash sale amount that is to ber disallowed(not entire sale). I have went to the schD section and do not get a wash sale input screen. How do I get the WS  screen to open?
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
itonewbie
Level 15

It's just as the article quoted by George explains.

If you're preparing a F.1040 and need to disallow part of the loss for wash sale, you'd go to that transaction that need to be disallowed (partially in your case) on Screen 17.1, scroll to the line "Wash sale amount disallowed (-1 to disallow all)" and enter the amount that should be disallowed (or -1 if the entire loss should be disallowed).  This will create an adjustment for columns (f) and (g) on F.8949 for the amount of loss to be disallowed for wash sale.

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

0 Cheers
3 Comments 3
itonewbie
Level 15

It's just as the article quoted by George explains.

If you're preparing a F.1040 and need to disallow part of the loss for wash sale, you'd go to that transaction that need to be disallowed (partially in your case) on Screen 17.1, scroll to the line "Wash sale amount disallowed (-1 to disallow all)" and enter the amount that should be disallowed (or -1 if the entire loss should be disallowed).  This will create an adjustment for columns (f) and (g) on F.8949 for the amount of loss to be disallowed for wash sale.

---------------------------------------------------------------------------------
Still an AllStar
0 Cheers
George4Tacks
Level 15

https://accountants-community.intuit.com/articles/1608545-reporting-a-wash-sale-in-lacerte

-1 for all, or enter an amount for partial. 


Here's wishing you many Happy Returns
0 Cheers
efheiman
Level 2
I have not found the place in Lacerte where to enter the wash amount.  May call Lacerte tomorrow. Thanks for the help.
0 Cheers