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Level 3
January 16, 2023
Question

Sch d is not pulling expenses

  • January 16, 2023
  • 1 reply
  • 10 views

I cannot figure out why sch d is not pulling amount entered for expense of sale

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1 reply

George4Tacks
Level 15
January 16, 2023

Where did you make this entry? 

Cost or other basis of property sold (Line 8)??

Answers are easy. Questions are hard!
allisonsAuthor
Level 3
January 16, 2023

First there are no line numbers on the input screen in proconnect. 

 

second - no it is expense of sale

 

George4Tacks
Level 15
January 17, 2023

I know there are no line numbers or screen numbers in ProConnect.  I had a senior moment. 

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I see this working. The expense shows as an adjustment code E on 8949, column f & g. I shows on Schedule D, in  column G. 

If the sale is reported as a covered transaction with basis reported, then generally the expense of sale is reflected in the "cost or basis." 

Answers are easy. Questions are hard!