How do I enter stock sales in screen 17 so that the transaction is reported on Schedule D, Line 1a or 8a instead of Form 8949?

Forum|Forum|6 years ago
December 7, 2019
3 replies
47 views

No text available

Lacerte Tax

This topic has been closed for replies.

Best answer by abctax55

Screen 17.1 - 7th column over. Leave it blank (='s basis reported to IRS).

BUT if you have chosen to "report all transactions of F 8949" in your setting, this won't override it.

abctax55Answer

Level 15

Screen 17.1 - 7th column over. Leave it blank (='s basis reported to IRS).

BUT if you have chosen to "report all transactions of F 8949" in your setting, this won't override it.

HumanKind... Be Both

A

AG70_2

Level 2

Frankly, this is a ridiculous way of choosing Exception 1 for Form 8949. Why not incorporate this into the input in screen 17.1? Why bury this in the settings for the software?

G

GiantFan

Level 3

I have discovered that you can override this by client. In Screen 17.1, Click on the "Carryovers/Misc Info" selection in the middle left hand pane. The last line of the first section (just before Form 4797 input) is Print all assets on Form 8949: 1=yes, 2=no [O]. Enter 2 here and the entries will move to lines 1a and 8a.

Sign up

Login with SSO

Let's get you signed in

Login with SSO