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Level 1
June 27, 2019
Question

Schedule D form

  • June 27, 2019
  • 1 reply
  • 3 views

I am using a locally installed Turbo Tax Premier (Windows).  The IRS requests a Schedule D for a single 1099 DIV item:   Box 2a, Total Capital Gain Distribution.  Turbo Tax puts the full amount onto Form 1040 and checks the box indicating Schedule D is not required.  Can I force the creation of a Schedule D?

1 reply

Level 15
June 27, 2019

@A77mechanic wrote:
Can I force the creation of a Schedule D?

Yes. You can do so by reporting that you sold a personal item for $1 that you paid $1 for one year or less than one year ago (i.e., the proceeds will be $1 and your basis will be $1).

 

The effect will be a short-term transaction with $0 gain and $0 loss, but a Schedule D will be created.