Form 8949, Box C incorrectly selected

[llIHeroic]

Hello,

For my return; I inputted the figures from my 1099-B under Income --> Capital Gains, and selected the option that I did receive a 1099-B and basis was reported to IRS.  This shows up correctly on Schedule D in Forms View, in the 'Exception' box, under Line B.

1. "Is this sale reported to you on Form 1099-B or equivalent.  [Yes is checked]

2. "If so, is Box 6b marked (is basis reported to IRS)? [Yes is checked]

However, my problem is that in Form 8949, on both Part I and Part II, Boxes C and F are incorrectly selected by Turbotax, which read "..transactions not reported to you on Form 1099-B."  I want Box A and Box D to be selected, which read "..transactions reported on Form 1099-B showing basis was reported to IRS."  If I manually override to correct this, the software won't let me e-file.

How can I either get the software to accept the over-ride for e-filing or select the correct boxes on Form 8949?

Thanks.

[JohnW222]

Your best bet is probably to delete your Form 1099-B and start over.

Please see "How do I view and delete forms in TurboTax Online?" or "How do I delete a tax form in the TurboTax CD/Download software?", as appropriate, for guidance.

[llIHeroic]

Even when starting over, it auto-fills Box C and Box F on Form 8949 the minute I check "Yes" in 'Exceptions' on Schedule D for Line A: 'Are one or more statements describing stock sale details being attached to Form 8949 instead of providing those details on the form?'.  Whether I am using Guide me or Form view and starting from scratch this occurs.

How can I get Box A and Box D to be checked on Form 8949 so the Gain and Loss figures appear on Line 1b and 8b in the Schedule D instead of Line 3 and Line 10?

Or if there is a way to allow e-filing with those fields on override that would solve my problem as well.

Thanks,

[DavidD66]

Why are you checking "Yes" for Exceptions?  And no, you cannot e-file if you override anything in TurboTax Desktop.

[llIHeroic]

I have a wash sale disallowance that makes an adjustment to the net gain/loss.  So I believe I need to use Form 8949 for that to be computed.  If I check No, Form 8949 isn't generated, and I cannot enter the adjustment in Line 1a because Column g is greyed out.

[markB_2020]

I can't answer for IIIHeroic, but I'm having the same problem.

In my case the 'exception field' is checked because I'm summarizing multiple transactions, as suggested by TT when submitting summarized data. I clearly state that the basis _has_ been reported to the IRS, but when TT prints the 8949 form it checks box C the 'not reported' -- should be box A

How do I correct this?

[markB_2020]

This is using TurboTax Business.

[patmat]

I have the same problem. And I discovered weeks ago. Did a call this support, but they were not able to see my desktop to see the problem. But you have described it accurately. They need to fix this bug!!!. Recent updates have not fixed it!

[markB_2020]

I get through to their tech support. Daniel watched me delete the old form and re-create it, and he saw the error. He escalated the issue, and I've received a request and complied for an 'anonymized' copy of my return.

Next question is when will they reply, and if so will it be with an actual fix to the problem? Only time will tell ... and my return is due March 15th. Eight days and counting!  Worst case I'll print the return, manually make the correction and send it by snail mail ... and probably use some other software next year.

TurboTax Business has too many limitations

[JBO94]

I am having the same problem with boxes C and F being checked after I answered that I did receive a 1099-B.  I also reached someone at TT and spent 2 hours on the phone with her while she watched me delete the form and recreate the problem multiple times.  We never reached a solution and I was also asked to send them an anonymous copy of my tax form.  I did so and was told that my file was corrupted and I needed to start over.  Obviously this did not solve my problem.  There is clearly a bug in this program and it needs to be fixed ASAP.  As far as I can tell, they only solution right now is to override and mail my return, including a paper copy of the 1099.

Very frustrating.

[markB_2020]

I just received an answer from Intuit! (don't get to excited yet...)

"Thanks for letting us know about your issue with the Date Acquired missing from your import We apologize for any inconvenience this caused.

"We appreciate your patience while we looked into your issue. After investigating the issue, we found that this could be an issue with your import company not allowing the information to be imported. You do have options, you can edit each entry and enter the date acquired manually or you can enter a bulk transaction. I have provided a link on how to enter a bulk transaction below. You would need to delete the upload if you use this option.

Yep -- they totally ignored the issue! 

I replied to the email only to get a bounce, turns out [email address removed] is not a valid email, although that is what they have a reply email.

My 10+ years of using Intuit products is about to end.

[gk3]

Add another long term TT user having the same problem.  I will probably let my entries remain in Box C and Box F on Schedule D and file my return electrinically

[robezr17]

Hello Turbo tax must have a glitch in its program, I also need in form 8949 the box to be A and not C because the information is on my 1099 B.  How can we fix this issue so I can electronically file my tax return in 5 days.

Any suggestions?  

[GeorgeM777]

Go back into your Stocks, Cryptocurrency, Mutual Funds, etc. section and at the Your investment sales summary page, select Edit, and you might have to select Edit again to review all of the transactions you have entered.  Click on the pencil icon next to the transactions that you need to change and then make the appropriate change.  

@robezr17