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casey-mercier
Returning Member

How can i fix the error Form 1099-B Capital Asset Sales Wksht Cost or adjusted Basis is not between the prescribed upper and lower limits

 
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1 Reply
ThomasM125
Expert Alumni

How can i fix the error Form 1099-B Capital Asset Sales Wksht Cost or adjusted Basis is not between the prescribed upper and lower limits

You can get this error message when you have a negative number reported as proceeds or cost basis associated with an investment sale. You will have to adjust the proceeds and/or the cost basis to correct the negative entry. You will see an option to adjust your cost basis after you enter your investment sale in TurboTax. This often happens when you are reporting options traded.

 

 

 

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