I got my 1099-B form and need to know how this works
Please see the attach
under gain/lost that $-411.25 is how much I can claim as lost and 684.63 was washed?

then the next line has $-2502.00 and it has 0.00 under Adjustment? what is that 0.00 means? there is no code next to it? doesn't it mean all -2502 can claimed as lost?

Thanks

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I got my 1099-B form and need to know how this works
Please see the attach
under gain/lost that $-411.25 is how much I can claim as lost and 684.63 was washed?=====>>> you have a wash sale if you sell stock ONLY at a loss; in your case, your deductible capital loss is only $1814; $2502-$685 and However, the loss does get added to the cost basis of the stock which you purchased within the 30 days so you can take the loss when you sell the newer shares. the disallowed loss subject to wash sale rule is added your basis.


then the next line has $-2502.00 and it has 0.00 under Adjustment? what is that 0.00 means? there is no code next to it? doesn't it mean all -2502 can claimed as lost?========>>no;you could claim only $411 of $1096 loss on 11/24/14 due to wash sale rule;the remaining loss of 685 is added to the cost basis of $34,500 on 12/16/14 and your total loss was 2502;685+1815(1815 is the basis on11/24/14 loss before 685 from wash sale was added to the basis)