How To Fix IDCFM_US_FAMA_MSG028 - Wash sale is already reversed; action is terminated

IDCFM_US_FAMA_MSG028 - Overview

• Message type: E = Error

• Message class: IDCFM_US_FAMA_MSG - Treasury US Localization

• Message number: 028

• Message text: Wash sale is already reversed; action is terminated

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_MSG028 - Wash sale is already reversed; action is terminated ?

  The SAP error message IDCFM_US_FAMA_MSG028, which states "Wash sale is already reversed; action is terminated," typically occurs in the context of financial transactions, particularly when dealing with wash sales in the SAP Financial Accounting and Management Accounting modules.
  
  Cause:
  This error message indicates that an attempt is being made to reverse a wash sale transaction that has already been reversed. A wash sale occurs when a security is sold at a loss and then repurchased shortly thereafter, which can have tax implications. The system is designed to prevent multiple reversals of the same transaction to maintain data integrity and compliance with financial regulations.
  
  Solution:
  To resolve this error, consider the following steps:
  
  
  Check Transaction History: Review the transaction history for the specific wash sale in question. Ensure that the transaction has not already been reversed. You can do this by checking the relevant financial documents or transaction logs.
  
  
  Verify Reversal Attempts: If you are trying to