Thanks. I don't follow your answer. I explained in my recent post that those are the guidelines in the IRS Publication but that Turbotax says it will automatically calculate the amounts that flow to the 8949. So Turbotax does NOT follow those IRS guidelines because it does NOT take the selling expenses listed on the worksheet and add the calculated gain from the gross selling price less basis of the house. Instead Turbotax is ignoring the selling expenses listed on the worksheet and only bringing in the gain without selling expenses to come up with the amount that ends up on column G. IRS instructions clearly state to put the gain plus selling expenses on the column G. Then Turbotax tells you it calculates this apparently saying you don't have to enter anything on form 8949. So my original answer still stands. Turbotax is not transferring from the worksheet correctly to the 8949.
So on my home worksheet for example, after I listed three amounts. For example, Gross selling price, selling expenses and basis, it does calculate correctly the net gain. For example, gross=400000. Basis is 200000 and expenses are 20000. Correct net gain is 180000. But all that Turbotax transfers to the 8949 and the Schedule D, is the 400000-200000=200000. The selling expenses are there on the worksheet but it does not add the initial gain plus selling expenses per IRS instructions and transfer the correct amount of 220000 to Column G. It only transfers the 200000 and ignores the selling expenses. Thus the gain is incorrect on the 8949 and Schedule D.
