Why are 8949 short term totals on line 3 box c instead of line 2 box b and long term totals on line 10 box f instead of line 9 box e

Forum|Forum|6 years ago
December 7, 2019
1 reply
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Sch D is putting my 8949 Short Term totals on line 3 Box C instead of line 2 Box B. And Long Term totals on line 10 box F Instead of line 9 Box E . In the Details "Adjustment to basis if reported incorrectly on form 1099-B box 1e" I have entered the adjustment amount. Any ideas how to get my totals on the correct line on Sch D?

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Best answer by itonewbie

Looks like you have overridden the 1099-B reporting for each of those transactions. Under Income > Schedule D/4797/etc. > Schedule D > Reported on: blank=Form 1099-B with basis reported to IRS, 1=Form 1099-B but basis not reported to IRS, 2=form other than Form 1099-B (Form 8949), make sure you have entered 1 for each of those transactions rather than 2.

itonewbieAnswer

Level 15

Looks like you have overridden the 1099-B reporting for each of those transactions. Under Income > Schedule D/4797/etc. > Schedule D > Reported on: blank=Form 1099-B with basis reported to IRS, 1=Form 1099-B but basis not reported to IRS, 2=form other than Form 1099-B (Form 8949), make sure you have entered 1 for each of those transactions rather than 2.

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C

CrisgpsAuthor

Level 2

Thank you so much. Perfect!

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