TT is telling me the adjustment codes on the 1099-B worksheet that TT filled out are unsupported. I don't know how I'm supposed to change them or what to change to.

[susanandluke]

I have three types of transactions, and I can't tell from the TT worksheet if the code only applies to the first transaction, box A which is short term covered, or all three which include long term covered and long term not covered.

The adjustment code TT entered is UFIM, but of those it appears that M is the only valid code.

How am I supposed to know what to change the code to in order to proceed?

[JohnB5677]

If you have three transactions listed you will have to post a status to each one of them regardless if they are the same.

If the asset was held for less than a year it is Short term. longer than a year is Long Term.  

[susanandluke]

I am reporting all three types of transactions.  

I cannot tell how your reply is responsive to my question.  TT filled in the box with UFIM, but TT says those are unsupported codes.  How am I supposed to know what code is correct? TT doesn't provide any information about that.

[fanfare]

U, F and I, are not listed as useable codes for Form 8949.

Did they appear on your broker's statement?

Try clearing them out.

TurboTax also has been seen to have some odd behavior when aggregating transactions (Code M)

M stands for "multiple" or "mail-in option". It should appear when you enter a summary, not when you import from financial institution.

[susanandluke]

This is helpful, thanks.  My brokers statement doesn't have any codes on it.  As I'm reporting the summaries instead of pages of individual transactions, M makes sense.  I'll give it a try. I'm only in section A on the TT worksheet, we'll see if it's the same for sections D and E.

[fanfare]

Although you didn't say,  I assumed you were doing an import, since you did not enter those codes yourself.

You should have only code M by itself from the summary entry option..

Contact Customer Support about bad code letters, if you can tolerate the hassle.

[susanandluke]

No, I manually entered the data as import option isn't available until next month and I was eager to determine the impact.  I did not enter any codes, TT does that all on its own.