Report stock gains by Box letter

Forum|Forum|5 years ago
January 21, 2021
1 reply
3 views

Per my 1099-B I have short and long term gains that are to be reported in a certain box letter, i.e. short term gains where basis is reported to the IRS that have Box A checked. This would go to Part I, 1b, however, Lacerte places values in 1a.

Is there a place to indicate the box that is checked?

Lacerte Tax

This topic has been closed for replies.

PhoebeRoberts

Intuit Community Champion

Edit: Wait, you're not asking about the 8949 presentation, your complaint is just that the covered transactions flow to Line 1a, rather than Line 1b, of the Schedule D? Read the Schedule D instructions; that's where they're supposed to go unless there are column (g) adjustments.

Original response:

Enter a 1 for "basis not reported to IRS" in either of the circled fields, for each transaction.

PhoebeRoberts

Intuit Community Champion

To force the 8949, which in turn should force everything onto Line 1b, enter a 1 here:

D

DennyBriBri2Author

Level 3

Well that worked and thank you. However, that is clear as mud. Seems it would be simple and obvious to the TP if they can allow us to check the letter of the box we want.

Sign up

Login with SSO

Let's get you signed in

Login with SSO