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Get your taxes done using TurboTax
This didn't work for me. I followed the steps and it looks to still be double counting. I don't see two 8949 forms, only one.
This step doesn't exist in the UI:
Enter the 1099-B as a Box A (or D) Transaction (Short term (or Long term) with cost basis reported to the IRS) and check the Add More or Edit) Details box just below the Description Box.
There is nothing below the description box.
Also, this doesn't seem to appear as well:
If, after taking into consideration the information already reported on the K-1, you need to correct the basis reported on the Form 1099-B, you can do so by selecting “I need to add or fix info about this sale that’s on my Form 1099-B.”
Now, There is a checkbox that says "The Cost Basis on my statement is incorrect." Do I select that? Do I put the selling price there which zero's out the profit on the 1099-B and leaves the profit on the Schedule K-1?