How To Fix IDCFM_US_FAMA_MSG024 - Wash sale for sale &1 is already carried out

IDCFM_US_FAMA_MSG024 - Overview

• Message type: E = Error

• Message class: IDCFM_US_FAMA_MSG - Treasury US Localization

• Message number: 024

• Message text: Wash sale for sale &1 is already carried out

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message IDCFM_US_FAMA_MSG024 - Wash sale for sale &1 is already carried out ?

  The SAP error message IDCFM_US_FAMA_MSG024, which states "Wash sale for sale &1 is already carried out," typically occurs in the context of financial transactions, particularly when dealing with securities and their sales. A wash sale refers to a transaction where a security is sold at a loss and then repurchased shortly thereafter, which can have tax implications.
  
  Cause:
  The error indicates that a wash sale has already been processed for the specific sale transaction identified by &1. This means that the system has already recorded the necessary adjustments for tax purposes related to that sale, and attempting to process it again would violate the rules governing wash sales.
  
  Solution:
  To resolve this error, consider the following steps:
  
  
  Verify Transaction History: Check the transaction history for the security in question to confirm that a wash sale has indeed been recorded. This can usually be done through the relevant transaction codes in SAP that deal with financial