topic Re: Form 8949 Code mismatch in Get your taxes done using TurboTax

Form 8949 Code mismatch

mwarney — Tue, 03 Feb 2026 18:07:50 GMT

Form 8949 has code "F" checked on all worksheets and forms but in the property description below on 8949 has code "E" filled in on the code box. Can't change unless override.

Re: Form 8949 Code mismatch

ThomasM125 — Tue, 03 Feb 2026 18:43:01 GMT

I assume you received a Form 1099-B, and if so then code "E" would be the correct code in part II of form 8949. The worksheets won't show on your return, so it won't matter if they have the wrong code.

Re: Form 8949 Code mismatch

mwarney — Tue, 03 Feb 2026 18:50:39 GMT

No 1099 B. This was inherited real estate that was split between four siblings. I am reporting 25% of the sale proceeds and sale expenses. But I think I figured it out. The code "E" has to do with the adjustments and not the transaction type correct?

Re: Form 8949 Code mismatch

PatriciaV — Tue, 03 Feb 2026 19:07:15 GMT

You may need to delete your entry and reinput under "Other" investment sales from the page "OK, let's start with one investment type." Then choose "Second Home" or "Land" on the sale entry page (What type of investment did you sell?).

With these entries, Code F will be used on the Cap Asset Sales worksheet and on Form 8949 (Long-Term).

Re: Form 8949 Code mismatch

mwarney — Tue, 03 Feb 2026 20:19:54 GMT

It was my wife's parents home. Her dad passed and she, and her three siblings, sold the home. I did check "Other" in investment type. Code "F" is in the Cap Asset Sales worksheet and on Form 8949 but code "E" is in column (f) under "code(s)" But looking at it again, I believe that code "E" has to do with the "adjustment type" and not the asset sale type.

Update: Actually, IRS instructions say to enter net proceeds in column d and leave (f) and (g) blank.

"If you didn't receive a Form 1099-B, Form 1099-DA, or Form 1099-S (or substitute statement) for a transaction, enter in column (d) the net proceeds. The net proceeds equal the gross proceeds minus any selling expenses (such as broker’s fees, commissions, and state and local transfer taxes"