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jstracy13
New Member

Should all "Transactions for which basis is not reported to the IRS and Term is Unknown" appear on a 1099-B statement with Box E checked?

From what I'm reading in TurboTax help, any transaction listed as "Transactions for which basis is not reported to the IRS and Term is Unknown" should generate a Form 8949 with Box E checked, separate from the Form 8949 with Box D checked for other stock sales. However, when I attempt to import my 1099-B, TT attempts to merge the (Docebo) Box E entry in with my Box D entries on the Capital Asset Sales Worksheet, and signals errors  because the Date Acquired, Cost Basis, and Holding Period aren't reported (as expected).

 

Additionally, the entry is completely missing from the Form 8949, i.e., no second copy for that transaction is created as I *think* it should. I have attempted to delete and re-import the 1099-B to no avail. I also noticed that after deleting and reimporting, my federal and state refunds both increased, so I'm concerned that there's something else off in this process.

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1 Reply
jstracy13
New Member

Should all "Transactions for which basis is not reported to the IRS and Term is Unknown" appear on a 1099-B statement with Box E checked?

I think that when I deleted both the 1099-DIV and 1099-B and reimported, it didn't bring the 1099-DIV back in, so that may be the source of the refund disparity. I'm trying a few things to test the theory.

 

That said, the original question about Form 8949 in this scenario remains.

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