1099-B Form

[userman43]

I am going through the Analysis phase of my taxes.  It has selected my 1099-B Worksheet for review.  The boxes that are red are as follows: Columns d, e, g, h, i.  Box c is filled out.

Comparing what it's asking for, against what's on my 1099-B form:

d - No box 1, but boxes 1a-1g are there

e - No box 3

g - There is a box 2.  Turbotax is asking for a date, and my form has Long Term on it

h- Box 4 is 0 - enter $0?

i - Box 5 is a check box, not a $ amount.

It looks like I can just ignore these errors and continue onwards.  I just don't want to get audited. 

[GeorgeM777]

Yes, you can continue to prepare your return.  The Worksheet is not filed with your return as it is a document for your records.  Have you reviewed your Investment sales summary and does it accurately reflect the gain/loss for your securities transactions?  If yes, then there is nothing more you need to do.  If not, then make whatever adjustments are necessary. 

@userman43

[userman43]

Would that be this section, first option?

@GeorgeM777 

[DianeW777]

Yes.  The investment sales from your Forms 1099-B will be shown under 'Stocks, Mutual Funds, Bonds, Other' as shown in your image.

• You can also use the search (upper right) 1099b > Click the Jump to... link to arrive at your list of sales.

[userman43]

I am now trying to file, but it won't let me leave those fields alone.  I seem to be in a continuous loop. I leave those fields blank, and I am taken back to this screen.

[GeorgeM777]

If the error just relates to your Worksheet and nothing else, then you can try deleting the Worksheet to remove the error.  The Worksheet is not filed with your return; however, Schedule D and/or Form 8949 are filed with your return.  Schedule D will provide a summary of your transactions whereas Form 8949 will provide the detail regarding those transactions, such as dates of purchase and sale, cost basis, sale proceeds, gain/loss, etc.  

If you are using TurboTax online, to delete the Worksheet, follow these steps:

1. Open or continue your return in TurboTax.
2. In the left menu, select Tax Tools and then Tools.
3. In the pop-up window Tool Center, choose Delete a form.
4. Select Delete next to the form/schedule/worksheet in the list and follow the instructions.

@userman43