How To Fix IDCFM_US_FAMA_MSG021 - Purchase &1 is already sold and is not relevant for wash sale

IDCFM_US_FAMA_MSG021 - Overview

• Message type: E = Error

• Message class: IDCFM_US_FAMA_MSG - Treasury US Localization

• Message number: 021

• Message text: Purchase &1 is already sold and is not relevant for wash sale

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message IDCFM_US_FAMA_MSG021 - Purchase &1 is already sold and is not relevant for wash sale ?

  The SAP error message IDCFM_US_FAMA_MSG021 indicates that a purchase (or transaction) is already sold and is not relevant for a wash sale. This message typically arises in the context of financial transactions, particularly in the area of asset management or financial accounting, where wash sales are a consideration.
  
  Cause:
  
  Transaction Status: The purchase you are trying to process has already been sold, which means it cannot be considered for a wash sale. A wash sale generally refers to the sale of a security at a loss and repurchasing the same or substantially identical security within a short period.
  Incorrect Transaction Type: The transaction type you are trying to execute may not be appropriate for the current status of the asset.
  Data Entry Error: There may be an error in the data entry, such as trying to process a transaction that is not applicable to the current state of the asset.
  
  
  Solution:
  
  Verify Transaction Status: Check the