sale of securities

Forum|Forum|6 years ago
March 27, 2020
2 replies
22 views

how do i enter the sale of a LT security that needs Box D on Form 8949?

Lacerte Tax

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George4Tacks

Level 15

Screen 17. Enter the items into the grid. Make sure the dates make the sale long term (year and a day). Make NO ENTRY in the column after Basis, that will make the code D.

In this image the first 2 will be code E, the third entry will be code D.

Answers are easy. Questions are hard!

G

gk1Author

Level 2

specifically looking for how to code entry so that Schedule D line 8b gets populated.

George4Tacks

Level 15

That is exactly what I gave you.

Make long term. Enter NOTHING for the Basis reptd...

Form 1099-B: blank=box 3 shows basis, 1=box 3 does not show basis, 2=Form 1099-B not received

Schedule D

Screen 17; Code 541

This field determines where the asset prints on Form 8949. Leave this field blank if the transaction was reported on Form 1099-B with the basis reported to IRS. This will print on Form 8949 with Box A or D checked. Enter ‘1’ if the transaction was reported on Form 1099-B but the basis is not reported to IRS.. This will print on Form 8949 with Box B or E checked. Enter ‘2’ if Form 1099-B was not received. This will print on Form 8949 with box C or F checked.

Answers are easy. Questions are hard!

G

gk1Author

Level 2

the 1099 says "transactions should be reported on 8949 in Part II with Box D checked.

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