Hi,
I've had very similar 1099-B's for many years and have used turbo tax for many years. This year TT seems to have lost the necessary options for entering my 1099B totals. Specifically, I have a "market discount" (box 1f) column and a "wash sale disallowed" (box 1g) column in my 1099B.
In previous years, there were options for entering these in in TT when reporting totals from a 1099B . Now the best I can do is click "I need to adjust my total cost basis" and enter a single number. I can mark it "market discount" and "non deductible wash sale", but those are 2 separate boxes on my 1099B and there is no longer a way to put those into turbo tax, as far as I can tell. The market discount is on government bonds held to maturity, and this is supposed to go into my income, not capital gains/loses. If I enter this as a positive number, it seems like the taxed improperly on this, as it is already included in my total proceeds - cost basis. And they my total capital loss TT calculates is clearly wrong. If I enter as a negative number, my total loss matches what my 1099B says (and it is the correct number), but then I clearly haven't reported the income correctly.
This must be a common issue. Any idea how to handle it? It seemed to work fine in previous years. But I can't seem to figure it out this time.
