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Investors & landlords
Just a follow up on the workaround I got from TT. For entries that are negative in Box 1d, change it to positive and enter in Box 1e then enter 0.00 in Box 1d. This will give you the right information. I did this and the errors went away. Since the IRS already has your 1099-B this is basically used by TT to determine your tax liability. At least that is what TT customer service told me.
I have already filed. It was accepted and I received my refund.
Example:
Before
Box 1d - Proceeds = -$200
Box 1e - Cost or other basis = $0.00
After
Box 1d - Proceeds = 0.00
Box 1e - Cost or other basis = $200
March 12, 2021
7:12 PM
3,471 Views