Wash Sales

tp3164md
tp3164md Quicken Windows 2017 Member ✭✭
in Investing (Windows)

how to adjust for wash sales

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  • tp3164md
    tp3164md Quicken Windows 2017 Member ✭✭

    can someone explain how to adjust for wash sales

  • NotACPA
    NotACPA Quicken Windows Subscription SuperUser ✭✭✭✭✭
    edited May 30

    See this: https://community.quicken.com/discussion/7229139/faq-a-wash-sale-solution-for-quicken?utm_source=community-search&utm_medium=organic-search&utm_term=wash+sales

    Q user since February, 1990. DOS Version 4
    Now running Quicken Windows Subscription, Business & Personal
    Retired "Certified Information Systems Auditor" & Bank Audit VP

  • q_lurker
    q_lurker Quicken Windows Subscription SuperUser ✭✭✭✭✭

    Link to the reference from @NotACPA

    You might also check out my posts in this discussion.

    The two posts are similar, but the FAQ post is definitely a more complete set of instructions. The gist is to Remove Shares and Add Shares to adjust the disallowed loss on the actual sale to $0, and then to use Remove Shares and Add Shares to increase the basis of the acquired shares by those disallowed loss dollars.

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