Trying to complete my mom's taxes. She took a "distribution?" from Schwab account ... received proceeds, some of which say to check Box E, some another box. The Box E amount is confusing and I don't know how to input. First, 1E says "Missing" then further down (after Security Subtotal), "Total Long-Term Sales Price of Stocks, Bonds, etc." more than doubles the amount above (from 2500 to 5500). On that lower line, a 1E "Cost or Other Basis" is listed (2404.75). Then, realized Gain (or Loss) is listed as 595.25.
I don't know what to do (enter 2500 or 5500 as sales)? Either way, the totals in TurboTax don't match Schwab.
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for each category (in this case, E) there is a grand sub-total of proceeds in that category on your statement
it sounds like two transactions, one with a basis identified and one without.
You must supply missing basis from your mother's own records.
the subtotal of proceeds on form 8949 part II should match your Schwab subtotal of proceeds.
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