Customers may have received a 1099-B form reporting negative proceeds. After entering the form into the TurboTax Program and trying to e-file, their return may be rejected or are unable to e-file because of the negative proceeds that were entered.
The negative proceeds on the form are likely accurate. We are partnering with the IRS to change this situation and expect them to update their rules later in the season.
There are three options customers can take in this situation. Please see the article How do I fix my 1099-B negative values?
[EDITED | 2/26/2021 1:37pm PST]
