I did import Form 1099-B from my broker. The proceeds from both the covered and noncovered securities were captured by Turbotax. The problem is that the total of both proceeds are combined in Box D instead of using a separate Box E. Only the covered cost appears in the Cost Basis column. The noncovered cost does not appear at all. This causes the app to report a huge gain that does not exist.
I would rather have TurboTax enter the noncovered cost basis. As a last resort, I am willing to enter the amounts manually in the correct Box D and Box E. However, I am not able to override the data in either the Form 1099-B wks or form 8949. Is there any way to override the totals? I hope that I don't have to do the entire tax work by hand out of desperation.
This may be a very serious bug. It's possible that I am doing something wrong or that there is a problem on the brokerage side.
What do you suggest? Thanks.
John
