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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121592  
Subject: Re: Wash sale mistake Date: 8/8/2011 6:57 PM
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She told me the same thing that it's not possible by law to remove a bad entry on line 76.

You may be sick to death of this, but I'd love to see the Internal Revenue Code citation for that claim. You cannot change an application of this year's overpayment to next year's estimated tax, which is in the neighborhood (line 75 of the 2010 1040), but I never heard anyone claim that you cannot abate an erroneously assessed penalty, even one shown on the return. I must admit, though, that I never ran into your exact situation. I got plenty of them changed in response to an IRS calculation and billing.

Phil
Rule Your Retirement Home Fool
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