I'm adding cost basis to stock sales but its not reflecting changes. why?

[VolvoGirl]

What is not changing?  If you have an overall net loss you can only deduct 3,000 (1,500 MFS) max on your tax return.  The rest you have to carryover to next year.  You have to report the carryover every year until it's used up.  You can't skip a year.  

[jbarco16]

Let me be specific.  On a specific transaction, 30 shares with the gross gain is $5002.04.  Each share, at gross is 166.73.   My cost basis, which I'm entering, is 73.85 per share.   What I'm expected TurboTax to do is reflect the net gain, which is $92.88.   But, after inputing the data, its not doing this.  Its reducing the net gain a small amount -- why, not sure, but it is not reflecting the true net gain of the total transaction.   Thoughts?   

[Anonymous]

166.73* 30 = 5001.90  yet you say gross is 5002.04 so there is a 14 cent diff that needs adjustment 

i assuming when you say gross gain you mean gross proceeds 

if some are short term and some are long term.  then you could make just 2 entries  - 1 for the long term 1 for the short term or perhaps you need 4 entries because cost basis not reported on some sales

then you at most would have 4 entries

1 short  term - basis reported

1 short  term - basis - not reported

1 long term - basis reported

1 long-term basis - not reported.

However, why not enter sales cost as reported on 1099-B