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Entering basis adjustment for prior wash sale

MikiD
Level 3

Hello,

A client received form 1099-B with several wash sales, and they are reported as such on the 1099-B. However, later in the year he sold the new shares of the same stocks, mostly for gain. In all instances, these were short term and basis was reported to the IRS.

My question is, what is the best way to report the later sales to include/add a prior disallowed wash sale adjustment to that basis? Do I just do it line by line individually on the 8949?

Thank you

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1 Comment 1
sjrcpa
Level 15

The payer probably included it already. You said it's marked Covered; so they are saying they have all the info.


Ex-AllStar
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