Getting lots of error messages during "smart Check...
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
Level 2

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

Is this an error on the program or on the 1099-B source?
14 Replies
Employee Tax Expert

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

The tax software and the downloaded numbers are not rounding in the same method and this is throwing off the worksheet. This is a known issue and a fix is in the works.

 

You may like: Cryptocurrency & How does selling stock affect my taxes?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Level 2

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

I appreciate the responds. Spent an hour on the phone yesterday and was told I need to upgrade to Premier for assistance... Thank goodness I didn't.   

Level 3

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

I have the same error message too. How do I solve / correct this error so that I can submit my return for IRS asap?

Thanks,

Tep

Level 3

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

Thank you, AmyC, for the brief good news that says "a fix is in the works".  Do you think Turbo Tax will notify me and others who have the same suffering soon enough? I would love to finish my tax return asap. 

 

Below is the message I repeatedly received (in the error looping) that prevented me to finish up the tax report and submit it electronically to the IRS.

 

Check This Entry

Form 1099-B Worksheet (TD Ameritrade Clearing, Inc.): Sales Price does not match the value on the Capital Gain (Loss) Adjustment Worksheet. Leave this value blank when using the Capital Gain(Loss) Adjustment Worksheet

Sales Price 2,806.94

 

Form 1099-B Worksheet 2020
Keep for your records
Name(s) Shown on Return Social Security No

etc. etc.

 

 

New Member

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

I am having the same issue. How will we know whenever the problem is corrected?

Level 3

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

Beats me !

New Member

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

Has this error been fixed?

Can my return be filed with the error?

Level 3

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

Hi, Tom Malan.  Right now I'm almost sure that the "error" will never be acknowledged by the TurboTax management, let alone fixing it. A good news is that we CAN submit our returns (without errors) by mail.  For the next tax year let's move to the H&R Block. 

Level 2

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

Hello Amy,

 

Just checking in and see if you have any news on the estimated timeframe for the fix. 

 

Thank you,

Level 3

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

Hi sam98

 

Thank you for the good question.

But there are many good and great questions that have remained unanswered.

Employee Tax Expert

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

There is an additional capital gain/loss worksheet being generated that technical is working on.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Level 15

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

Since the IRS will not start processing returns until 2/12 there is time to wait for the fix.  Check a couple times a week ... Wed & Sat are good.

New Member

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

I am getting an error message in Smart Check about an adjustment cannot be zero - must be blank for all - and I can't correct the field. Won't let me clear it or change it. This is the only issue remaining (4 of the same message from an imported Acorns file).

Level 3

Getting lots of error messages during "smart Check." "Form 1099-B... Cost or Adjustment Basis does not match the value on the Capital Gain Adjustment worksheet."

Hi DeciduousTree

You won't have any of these issues if you choose the paper version. Don't ask me why, 'cause I don't know. I am a happy man now after my mailing of the paper form to the IRS a week ago. You can be happy too.

Next year let's not come back to Turbo Tax.

v
Privacy Settings