topic Re: Override 8949 and error in Get your taxes done using TurboTax

Override 8949 and error

VivianSLee — Sun, 08 Mar 2020 18:42:59 GMT

Hello,

I manually edited form 8949 column (e), (f), and (g). When running the smart check review, see error saying below:

Gn or Ls Adjustment (ST) should not be overridden and changed for Electronic Filing. Using an override can prevent the cross-checking that's important to an accurate tax return.

But I am required to do Electric Filing. May I confirm if I can ignore the errors and do Electric Filing still?

Thanks.

Re: Override 8949 and error

DavidD66 — Sun, 08 Mar 2020 19:04:31 GMT

There are fields in TurboTax Desktop that allow you to make entries directly on the Form, schedule or worksheet. There are others that if you make changes, you have to "override" TurboTax. If you override any fields in TurboTax, you cannot e-file the return and you void the accuracy guarantee. If you want to e-file the return, you will have to restore the fields which were overridden. You can make any necessary adjustments to your transactions in the Step-by-Step mode.

Re: Override 8949 and error

VivianSLee — Sun, 08 Mar 2020 22:37:52 GMT

Hi,

In Step by Step mode, it only gives me the option to enter fields from Form1099b. For cost related fields, it only gives me Box 1e (Cost or other basis). And that field feeds to Box e in form 8949.
In Step by Step mode, where can I enter the field feeding to Box f and Box g in Form 8949?

Thanks.

Re: Override 8949 and error

DavidD66 — Sun, 08 Mar 2020 22:57:44 GMT

There is a check box at the bottom of the screen where you enter your transactions for "I have other boxes on my 1099-B to enter". See screen shot below. After checking this box, additional entry boxes (including f & g) will appear.

Re: Override 8949 and error

VivianSLee — Mon, 09 Mar 2020 06:00:24 GMT

Hi,

I am using desktop version and seeing different UI then yours. And in 8949, (f) is a code, not an amount field.

I tried below and works for me:

in Form mode, cancelled override for each field.

in Step by Step Mode (1099b):

Box1e: entered Cost Basis from Broker's 1099b
Clicked 'I'll enter additional info on my own' button.
Checked Box 2 Gain or loss is Ordinary
Entered Corrected Basis (amount).

Then in 8949, it auto populates following:
(f): populates code 'B'
(g): populates the correct Amount of Adjustment.