1099-B, Summarized sales category, No way to enter Box 1f

[ddessert]

For 1099-B, TurboTax Mac Download (not online) I am entering the summary information for each sales category. One of the 1099-B entries to be summarized has a value for Box 1f. I click on the box saying, "I need to enter amounts from box 1f... or other adjustments".

The screen updates to ask about the "other adjustments" but no ways to enter box 1f or 1g data, as seen below. This is the entire screen, there is no more to scroll down to. And when you "Continue", I am taken back to the summary screen.

The "Total adjustments to gain or (loss)" seems tied to the adjustment codes, not to boxes 1f or 1g.

[RaifH · Accepted solution]

Enter the amount from Box 1f as a negative number in the Total adjustments to gain (or loss) and Code D as the adjustment code.

Code D lets the IRS know the gain is being adjusted for an accrued market discount. The adjustment amount will be reported as interest income on your tax return. If it does not carry to Schedule B automatically, you will have to carry it over by entering the amount in the Capital Gains Adjustments Worksheet in Forms mode. The Accrued interest to schedule B in Part IV should be highlighted. Enter the adjustment amount here.

What is happening is that you are recognizing less of a gain on this sale because a portion of the gain is being reported as interest.