How To Fix IDCFM_US_FAMA_MSG026 - Error during update of wash sale; action is terminated

SAP Error Message - Details

• Message type: E = Error

• Message class: IDCFM_US_FAMA_MSG - Treasury US Localization

• Message number: 026

• Message text: Error during update of wash sale; action is terminated

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message IDCFM_US_FAMA_MSG026 - Error during update of wash sale; action is terminated ?

  The SAP error message IDCFM_US_FAMA_MSG026, which indicates "Error during update of wash sale; action is terminated," typically arises in the context of financial transactions, particularly when dealing with wash sales in the SAP Financial Accounting (FI) or Financial Asset Management (FAM) modules. A wash sale occurs when a security is sold at a loss and then repurchased shortly thereafter, which can have tax implications.
  
  Cause:
  
  Data Integrity Issues: The error may occur due to inconsistencies or missing data in the transaction records related to the wash sale.
  
  Configuration Issues: Incorrect configuration settings in the system related to wash sale processing can lead to this error.
  Authorization Issues: The user may not have the necessary permissions to perform the action related to wash sales.
  System Bugs: There may be bugs or issues in the specific version of SAP being used that affect the processing of wash sales.
  
  
  Solution:
  
  Check Data Integrity: Review the transaction data for any inconsistencies