taxpro2000
Level 3

When I enter a transaction into Sch D smart worksheet on Form 1041 which includes a wash sale, ProSeries has a red box error message that says "Wash Sale Loss Disallowed is only for wash sales. Do not enter." I've used PS for many years, know how to enter a wash sale & know that this transaction is a wash sale...no known reason for an error message other than a programming error. Anyone else with this problem? Any known resolution to get rid of the error message? The wash sale adjustment does not transfer to 8949...to show the correct amount, I would have to override Form 8949. The only solution I can find is to enter a corrected basis on the smart worksheet & overwrite Code B on Form 8949 with Code W.

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