Discussion:Ultra Tax - Cal sched D with wash sale glitch.

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Discussion Forum Index --> Tax Questions --> Ultra Tax - Cal sched D with wash sale glitch.


EZTAX (talk|edits) said:

18 March 2014
Just a heads up for others that might be affected by this. If you are showing a "bulk" brokerage sale on 8879 that has a net gain but also a wash sale adjustment be careful. When Ultra Tax transfers it to the California state return it does not recognize the wash sale adjustment. You need to go in and manually adjust it out.

Tech supports for some reason does not see this as a mistake and says something about California not recognizing wash sales when a gain is being reported but this seems like a cop out.

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