@GoodShip wrote:
I need to enter code o on some of my MLP sale items, any suggestion on how to do it in this new format for 2023?
@GoodShip
You didn't say whether you are using TurboTax Online or the CD/Download TurboTax software. There's no way to enter adjustment code O in TurboTax Online. It can only be entered in forms mode, which is only available in the CD/Download software.
You have to make the entry for code O on the Capital Gain (Loss) Adjustments Worksheet for the sale. In forms mode, find the sale on the Capital Asset Sales Worksheet. Click on any text or numeric field for the sale (not a drop-down list or check box). For example, click on the Property Description. Then click the little magnifying glass that appears to the left. This will QuickZoom to the existing Capital Gain (Loss) Adjustments Worksheet for the sale if there is one, or it will prompt you to create one.
On the Capital Gain (Loss) Adjustments Worksheet, in Part III, scroll down to the "Other adjustments" box at the top of page 2. Enter the amount of the adjustment on the right on the "Other adjustments" line. This will check the box on that line and put the amount that you entered in column (g) on Form 8949 with code O in column (f).
