MarilynG1
Expert Alumni

Get your taxes done using TurboTax

I am in the process of obtaining TurboTax Premier to test further; however, I wanted to ask/comment in the meantime.

 

So, to confirm, in your first screenshot of entry for Box 1f, if you enter a Negative Amount there, a Cap Gain/Loss Worksheet is NOT generated?  

 

I see that you were able to generate one, but it does not show the Manual Adjustment Amount in Part II. 

 

However, your Schedule B and Form 8949 are correct, so it may be a moot point how you got there.  The Worksheets are not filed with your return anyway. 

 

FYI, on your screenshot of the chart you created, the last line for 'Capital Gain Only' would not have an amount going to Schedule B; only those with the AMD would have Sch B entries.  The Capital Gain amount is not negative, and is not an 'adjustment'; it's straight reporting of the gain on the sale. 

 

Really, the only thing you are trying to accomplish outside straight reporting of gain/loss on the sale, is reporting the AMD as interest on Schedule B.

 

Hope this helps!

 

@JMFord 

 

 

 

 

 

 

 

 

 

 

 

 

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