To enter a full wash sale:
- Press F6 to open the Forms List.
- Type "D" and Press Enter to open Schedule D.
- Scroll to the Capital Gains and Losses Smart Worksheet.
- Answer question A1, A2, A3, A4, and A5, if needed.
- On line C, enter the company name.
- On line D, enter the number of shares sold.
- On line E1 and line E2, enter the date acquired and date sold.
- On line F1, select W for Wash Sale for the Transaction Type.
- On line F2, enter Property ownership (Taxpayer, Spouse, or Joint).
- On line H1, enter the Sales Price.
- On line I2, enter the Cost or Basis.
- Complete any of the Optional or If Applicable lines, as needed.
Form 8949 should have Code W in Column F, and Column G should have an adjustment for the amount of the loss. Column H will have 0.
To enter a partial wash sale:
- Complete Part I and Part II of the Capital Gain (Loss) Transaction Worksheet as needed.
- Enter the Description if needed on Part III, Line 1.
- Check Box 3a for Sold.
- Enter the Date Sold (date of disposition) on Line 4.
- Enter the Gross Sales Price on Line 5a and a Sales Expenses and Commissions included on Form 1099-B on Line 5b.
- Verify the amount on Line 5c, Net Sales Price.
- Enter on Line 5d any Sales expenses and commissions not included on Form 1099-B.
- Check Box 6a for Wash Sale.
- Enter on 6a(3) the Number of Substantially identical replacement shares purchased during the Wash Sale window.
- Complete Part IV - Acquisition Information as needed.