I'm not quite sure what you want to adjust, but after you've entered the base transaction from your 1099-B. There is an option on the bottom [I'll enter additional info on my own]. This will give you a host of additional opportunities to make adjustments.
But I don’t have a 1099-B. I have a 1099-S and need to make adjustments to the gain to account for selling expenses (column (g) on Schedule D).
If you have a 1095-S you sold a property. It could have been your home, a second home or a rental property.
You will go to the INCOME section of your return and go to:
That section is not applicable as I do not have a 1095-S; I have a 1099-S (sale of land, long term asset, held for personal use).
Go to though the Investments section again, and look for the checkbox - then it will open and you can enter the selling expenses.
Thanks - that’s exactly the screen that I need, but are you using the software version (as opposed to TurboTax online? I’m using the online version and don’t get that option/checkbox from the investments section.
You can click "See all tax breaks" at the bottom of the Income & Expenses list or you can use the search box toward the upper right corner to search for "1099-S".
Neither of those options work for inputting selling expenses for a long-term capital asset in order to take an appropriate adjustment to the taxable gains.
enter it as a home sale, and turbotax will allow a selling expense adjustment.
OR
just make the adjustment directly in cost or other basis.