Yes, you may need to take the following steps specifically for the entry that is causing the error. There are a couple of options (no pun intended), that you might try that should eliminate this experience.
First, you want to go to the specific transaction to edit or delete it. Try to edit with the information below or re-enter it using the steps if you delete it. This should help resolve your error.
These particular steps may provide the ability to post a negative value to form 1099-B, Box 1d (if blank or negative sales price)
- Select the option for a 1099-B
- Select to type it myself
- Enter Bank
- I'll enter one sale at a time
- Enter the stock data and leave 10d BLANK
- When you hit Continue you will get a RED error message
- At the bottom of the screen select Allow me to continue with incomplete information > Continue
- Any less common items will be blank. Select Done
- No this is not employee stock
- Select the last item An adjustment is required for reasons not already covered.
- Enter the negative number that you had in Box 1d.
- This will complete the transaction
Another option is to put $1 in the proceeds box and then add that $1 to the negative gross proceeds as your cost basis (positive figure). This will provide the accurate results of income and tax. The most important thing is the correct end results on the tax return.
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