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DLetang
Returning Member

1099-B short-term transactions not imported to Form 8949, Part 1, with Box A checked

I imported my 1099-B form from Pershing.   All of my short term transactions on the 1099-B form state: "Short-Term Transactions for Which Basis Is Reported to the IRS - Report on Form 8949, Part 1, with Box A checked". 

 

However, Form 8949 only lists transactions that have an amount in 1099-B box 1G.  The sales total for these sales are shown on Schedule D, Line 1B.  The total amount for the "missing" sales are listed on Schedule D, Line 1A.   (Edited: I had these lines swapped originally).

 

The same is true for my long term transactions.  

 

How do I determine if this is an issue with TurboTax or Pershing?

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4 Replies
DLetang
Returning Member

1099-B short-term transactions not imported to Form 8949, Part 1, with Box A checked

 

1099-B short-term transactions not imported to Form 8949, Part 1, with Box A checked

" The sales total for these sales are shown on Schedule D, Line 1A.  The total amount for the "missing" sales are listed on Schedule D, Line 1B.  "

 

that's backwards. Look again, please.


@DLetang 

DLetang
Returning Member

1099-B short-term transactions not imported to Form 8949, Part 1, with Box A checked

You are correct, I have them swapped.  Regardless, shouldn't all the sales shown on Schedule D, Line 1B since they were reported to the IRS per the 1099-B form?

1099-B short-term transactions not imported to Form 8949, Part 1, with Box A checked

This is recently new undocumented behavior by TurboTax.

Box A without adjustments can be aggregated on Line 1a

so far, no one has posted a way to change the reporting to list everything.

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