I am sorry, really confusing. Let me try again. Box 1d the net proceeds has a $ amount in it. Box 1e the cost basis also has a $amount in it which is less than the net proceeds amount. Then there is a Gain/(Loss) box that has a $amount in it that just so happens if it is added to the 1e $amount comes out to be the same as the 1dProceeds box $amount. This is the same on both the short and long term (only the amounts are different in the 3 I have). So what you said in the first answer is to put the gain/loss $amount into the sale (which I was assuming that is box 1d proceeds) and change the box 1e cost basis to $0. Am I understanding that right.
Looks like this:
Name box 1a 1b 1c 1d/6 1e 1g 4 gain/loss 14 15 16
fund name description date date net cost or wash fed inc state id # state tax
# acq sold proceeds basis sale wthhld name withheld
$9999 $888 $9000
These are the three boxes filled with $ amounts. So I move gain/loss to proceeds and change the amount to what Gain/loss is and then 0 out the cost or basis?
I got what I did from the help box in the program at the gain/loss and what to do with it. That is where the program tells you to put the gain (and I am not sure if it is a gain or loss how do you tell) into the interest income and so and so forth. I assume it is a gain as the cost basis is lower than the proceeds and when you add the gain/loss to the cost basis it equals the proceeds. This is the last thing I have to fix to finish, please help. Sorry for the confusion on my part.
