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Get your taxes done using TurboTax
Resolved: Since the IRS does not allow negative entries, goto form section, form 1099-B Wks, On the right ( Quick Entry Table) all negative numbers (probably options) will be highlighted yellow, Copy the Sales Price (proceeds) into the Cost or other Basis column (check for accuracy), the go back to the Sales Price and replace the original entry with a '0'. Then scroll down the quick entry and do this for all highlighted errors. THIS WILL RESOLVE THE ISSUE. The problem does not appear to be with TurboTax but your brokers import. They obviously did not read the new IRS flyer code and make the corrections.
‎February 14, 2021
4:59 AM