Solved: Form 8949 modifying cost bases

nmvempaty · Sep 13, 2019 4:44:02 PM

I have unknowingly made very few wash sales across taxable and retirement accounts. I have prepared TY 2018 tax return using TT Premier 2018 and used the broker issued 1099-B for this. Now I have to incorporate modifications to cost bases for a few transactions which were wash sales across IRA and taxable accounts.Can I open my form 8949 in Turbotax and modify the required bases? Or do I need to do something else? Please post a link to any article that explains the process.ThanksNvempaty

Form 8949 modifying cost bases

1) If the sale price is 11600, the basis price is 11000, and the GAIN reported to IRS is 1000

then it is a BUG regardless of any flag!!! PERIOD.

2) If I changed the date of the transaction and the basis cost it was done because I need to figure out myself whether it a loss, WS loss or gain based on the records I have (not Turbotax). I don't need Turbotax place the flag WS for me because it does not have a complete list of my transactions. I successfully used previous versions of Turbotax for 8 years. The access to the flag was removed in the new version Turbotax 2022 by a smart-ass manager trying to minimize customer's ability to verify how the Form 8949 was computed by Turbotax when Box B was checked. I have already elevated this issue to the Office of the President <[email address removed]>.