You can also manually adjust any transaction determined to be ineligible for wash sales processing. However, use of the security level exclusion overrides the wash sale eligibility criteria you define at the entity level and/or trade level. Turning off wash sales processing for a given transaction requires you to manipulate the transaction level tag in the panels and introduces custom logic. In addition, the trade level exclusion methodology does not allow you to cover transactions such as corporate actions generated by the STAR engine.

Add Wash Sale Exclusions

In the Codes workspace, you can add wash sale exclusion codes to identify security types and/or processing security types (PSTs) for securities that you want excluded from wash sale processing. Use a Code Category of WASH_SALE_EXCLUSION.

When you add a wash sales exclusion code, you click the Wash Sale Exclusion Type field and select a value of Security Type or Processing Security Type. You can exclude transactions from wash sale processing based on the security's security type or processing security type. You can then select the code for the security type or processing security type that you want to exclude from wash sale processing. Eagle Accounting excludes the selected security types and/or processing security types from wash sale processing going forward.

Delete Wash Sale Exclusions

After you create wash sale exclusion codes to exclude security types and/or processing security types from wash sale processing, you can make those security types or processing security types eligible for wash sale processing once again. In the Codes workspace, you can delete the code value from the WASH_SALE_EXCL code category. You cannot change the code value in order to change or remove a wash sale exclusion.