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

SAP Error Message - Details

• 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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

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 status of the asset or purchase in question. Ensure that it is indeed sold and confirm the details of the transaction.
  Review Transaction Type: Ensure that you are using the correct transaction type for the operation you are trying to perform. If the asset is sold, you may need to perform a different type of transaction.
  Consult Documentation: Review SAP documentation or help resources related to wash sales and asset management to understand the requirements and restrictions.
  Adjust Data Entry: If you find that there was an error in the data entry, correct it and try processing the transaction again.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a financial expert who is familiar with SAP transactions.
  
  Related Information:
  
  Wash Sale Rules: Familiarize yourself with the IRS rules regarding wash sales, as they can affect how transactions are recorded and reported.
  SAP Financial Modules: Understanding the specific SAP modules involved (such as Asset Accounting or Financial Accounting) can help in troubleshooting.
  Transaction Codes: Knowing the relevant transaction codes (like F-02 for general postings, or others specific to asset management) can assist in navigating the system effectively.
  
  By following these steps, you should be able to address the error message and proceed with your financial transactions in SAP.