Wash sales on Schedule D

To report wash sales per Form 8949 instructions in UltraTax/1120, access the
D
screen located in the
Schedule D
folder, open the
Detail schedule
statement window, then enter the following information:
  1. Enter the description, date acquired, date sold, sales price, and cost/basis.
  2. Enter the nondeductible loss as a positive amount in the
    Adj to G/L
    field. For covered securities, the disallowed wash sale amount will be reported on Form 8949.
  3. Select
    W
    ,
    Nondeductible loss from a wash sale
    from the
    Adj Code
    field.

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