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Returning Member
posted Feb 22, 2024 12:16:57 PM

1099-DIV Box 9 and IRS Form 8949 - Program Bug TT Not generating Form 8949

After entering 1099-DIV Box 9 info (liquidating cash div) in the Step by Step, TT prompts "remember to go to Personal Income/Investment Income later".   Doing so, the program does not allow me to input info for Form 8949 (Part II, box F - "Long-term transactions not reported to you on Form 1099-B") and will not allow me to create Form 8949 from Schedule D (Part II line 10) because the Form 8949 is supposed to be generated automatically. 

TT is not generating Form 8949 automatically.  

This is a program bug that needs fixing.  Please correct asap and advise.

P.S. My Box 9 liquidating cash div is taxable as my cost basis is $0. 

0 4 1264
4 Replies
Expert Alumni
Feb 22, 2024 12:52:16 PM

Yes, you can enter this type of transaction in TurboTax Home & Business. Here's how to do it:

 

 

  1. Open your return.
  2. Select the Personal tab, then Personal Income.
  3. Select I'll choose what I work on the right.
  4. Select Start or Update to the right of Stocks, Cryptocurrency, Bonds, Mutual Funds, Other.
  5. Answer the first question Yes, or if you already sales here  select Add more sales.
  6. Select the Other tile, then Continue.
  7. Enter the information on the next few screens according to your situation. 
  8. Enter Liquidation distribution as the name, then select Continue.
  9. For type, select Stock, unless one of the other descriptors is more accurate. 
  10. Answer the rest of the questions on the screen according to your situation, then select Continue.
  11. Select None of these apply, then Continue.
  12. Answer the last question based on the length of ownership. 

 

This will create a Form 8949 and Schedule D. The transaction will show as either C, or F, depending on how long you owned the asset before the liquidation. 

 

 

 

 

 

 

Returning Member
Feb 22, 2024 1:35:37 PM

I followed your steps.  TT treated it as if I received a 1099-B (which I did not).

The liquidation distribution is now reflected on my taxes so I assume the IRS won't care that there is no 1099-B in their records for this.

New Member
Mar 3, 2025 8:56:59 AM

This bug still exists with TT 2024 Premier Edition. Besides screaming, how do I handle this or do I need to upgrade to the next TT product.

Level 15
Mar 3, 2025 1:06:45 PM

@JJ4603 

 

There is no bug. If you follow the instructions that JulieS gave above, TurboTax will create Form 8949 with either box C or box F checked, depending on whether it is short-term or long-term. You can do this in 2024 TurboTax Premier.


If you enter a specific acquisition date (instead of "various") you will not get what JulieS called "the last question" in step 12. That question asks whether it's short-term or long-term. If you enter a specific date TurboTax will determine the term based on the dates, so it does not need to ask that question.