How To Fix IDCFM_US_FAMA_MSG034 - Wash sale worklist is empty; no data found

SAP Error Message - Details

• Message type: E = Error

• Message class: IDCFM_US_FAMA_MSG - Treasury US Localization

• Message number: 034

• Message text: Wash sale worklist is empty; no data found

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message IDCFM_US_FAMA_MSG034 - Wash sale worklist is empty; no data found ?

  The SAP error message IDCFM_US_FAMA_MSG034, which states "Wash sale worklist is empty; no data found," typically occurs in the context of financial accounting and reporting, particularly when dealing with wash sales in the context of U.S. tax regulations. A wash sale occurs when a security is sold at a loss and then repurchased within a certain period, which can have tax implications.
  Cause:
  
  
  No Eligible Transactions: The most common cause of this error is that there are no transactions that meet the criteria for wash sales in the specified period. This could be due to a lack of sales or repurchases of securities that would qualify as wash sales.
  
  
  Incorrect Selection Criteria: The parameters or filters set for generating the wash sale worklist may be too restrictive or incorrectly configured, leading to no data being retrieved.
  
  
  Data Not Processed: If the relevant transactions have not been processed or posted correctly in the system, they will not appear in the worklist.
  
  
  Timing Issues: The data may not yet be available if the reporting period has just closed or if there are delays in data processing.
  
  
  Solution:
  
  
  Review Transaction Data: Check the transaction data for the period in question to ensure that there are indeed transactions that could qualify as wash sales. Look for sales and repurchases of securities.
  
  
  Adjust Selection Criteria: Review and adjust the selection criteria used to generate the wash sale worklist. Ensure that the filters are set correctly to capture the relevant transactions.
  
  
  Data Processing: Ensure that all relevant transactions have been processed and posted in the system. If necessary, run any batch jobs or processes that may be required to update the data.
  
  
  Check Configuration: Verify that the configuration settings for wash sale reporting are correct. This may involve checking the settings in the Financial Accounting (FI) or Financial Asset Management (FAM) modules.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the wash sale worklist and any prerequisites that need to be met.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal IT team for further assistance.
  
  
  Related Information:
  
  Wash Sale Rules: Familiarize yourself with the IRS rules regarding wash sales, as this will help in understanding what transactions should be included in the worklist.
  SAP Notes: Check for any relevant SAP Notes that may address known issues or provide updates related to wash sale processing.
  User Forums: Engage with SAP user communities or forums where similar issues may have been discussed, as other users may have encountered and resolved the same problem.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.