https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-in/01/3812659#M129560 This is to allocate 50% of capital gains to my ex-wife during the divorce year. Mon, 02 Mar 2026 22:08:56 GMT ecopenhaver54 2026-03-02T22:08:56Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-in/01/3812659#M129560 This is to allocate 50% of capital gains to my ex-wife during the divorce year. Mon, 02 Mar 2026 22:08:56 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-in/01/3812659#M129560 ecopenhaver54 2026-03-02T22:08:56Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-i/01/3812746#M129561 <P>Yes, you can adjust the cost basis on the screen where you enter your investment sale proceeds and cost basis. You will see an option that says <STRONG>The cost basis is incorrect or missing on my 1099-B</STRONG>. Choose that option and you can enter your adjusted cost basis and an entry will populate on Form 8949 columns F and G.</P> Mon, 02 Mar 2026 22:45:39 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-i/01/3812746#M129561 ThomasM125 2026-03-02T22:45:39Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-i/01/3812958#M129569 <P>I am using Turbotax Online and after uploading my 1099-B, I do not see the option to correct it.&nbsp; Can you give me a step-by-step process?&nbsp; &nbsp;The IRS states that I need to fill out form 8949.&nbsp; This is my first time using the online version and all the forms are hidden (by design).&nbsp;<BR />Thank you&nbsp;</P> Tue, 03 Mar 2026 00:28:34 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-i/01/3812958#M129569 robsuts 2026-03-03T00:28:34Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-i/01/3813042#M129572 <P>To produce Form 8949 with TurboTax, enter a 1099-B.</P><P>If you don't like the result you can EDIT/UPDATE, or</P><P>DELETE it and re-enter.</P><P><FONT color="#3366FF">Note</FONT> if basis is reported to IRS without adjustments, you will not need Form 8949.</P><P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5997468">@robsuts</a>&nbsp;</P><P>&nbsp;</P> Tue, 03 Mar 2026 01:10:50 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-i/01/3813042#M129572 fanfare 2026-03-03T01:10:50Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-i/01/3813055#M129573 <P>If you got half and your ex-wife got half, you should have a 1099-S that shows that.</P><P>Otherwise, divide all actual amounts from closing by two and indicate 50% in the Description of the transaction.</P><P>&nbsp;</P><P>I don't see any applicable adjustment code in the IRS instructions for your situation</P><P><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/5998904">@ecopenhaver54</a>&nbsp;</P> Tue, 03 Mar 2026 01:16:25 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-can-i-make-an-adjustment-to-capital-gains-in-the-online-version-to-show-up-as-an-adjustment-i/01/3813055#M129573 fanfare 2026-03-03T01:16:25Z