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Talk me through my HSA wash sale

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  • wa2106
    replied
    This is not advice for you.

    But if it were me I would probably ignore it.

    Leave a comment:


  • Tom Kazansky
    replied
    Originally posted by GasFIRE View Post
    How about doing nothing? If this were your IRA account then it’s a wash sale. The IRS has never weighed in with any guidance on other accounts like 401k, 529, HSA etc. If you are ever audited and this was considered to be a wash sale, what would the tax, interest and penalty be for an $18 error? Personally, I would file the TurboTax return.
    Also on the table

    Leave a comment:


  • Peds
    replied
    There is no spoon....

    Leave a comment:


  • GasFIRE
    replied
    How about doing nothing? If this were your IRA account then it’s a wash sale. The IRS has never weighed in with any guidance on other accounts like 401k, 529, HSA etc. If you are ever audited and this was considered to be a wash sale, what would the tax, interest and penalty be for an $18 error? Personally, I would file the TurboTax return.

    Leave a comment:


  • Tom Kazansky
    started a topic Talk me through my HSA wash sale

    Talk me through my HSA wash sale

    3/9/2020 - sold multiple VTI shares (Cost basis range $144 - $159) in taxable account at a loss.
    Sale price - $141

    3/18/2020 - created wash sale by purchasing 1.00 share of VTI in HSA

    How do i reconcile this with TurboTax?

    My solution thus far is to manually adjust 1099-B Box 1g for the VTI sales.

    Unclear to me which VTI share loss to disallow, but using a $159 share to disallow the largest loss possible:

    $159 - $141 = $18 loss disallowed

    Enter $18 in Box 1g. Total losses allowed from sale reduced by $18.

    Appreciate any feedback - thanks.












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