topic TT Premier 2020 - Stock Sale Category Incorrect on Form 8949 in Investors & landlords

TT Premier 2020 - Stock Sale Category Incorrect on Form 8949

TomG20 — Sun, 07 Mar 2021 16:56:44 GMT

I'm unable to get TT to generate a long term stock exercise on Form 8949. I have tried entering a single stock exercise two different ways, such as an Incentive Stock Option, and then I tried the entry as an RSS. Both ways I select Sale Category "E - Long Term Noncovered" as shown on the 1099-B, however TurboTax is generating the entry as a Sales Category "B" Short Term event on the resulting Form 8949. I'm manually entering the 1099-B information.

I tried going back through in "edit" mode and have verified Sale Category "E" is selected and still shown on the entry screen. I have also deleted the entire transaction and re-entered from scratch multiple times, each time I select Sales Category "E" but TT Premier generates a short Term category "B" entry on Form 8949 Part I. Basically TT is ignoring my Sales Category "E" selection.

How can I force TT Premier to accept the Sales Category "E" selection and properly generate the long term entry on Form 8949 Part II?

Re: TT Premier 2020 - Stock Sale Category Incorrect on Form 8949

JoshB1 — Sun, 07 Mar 2021 16:55:05 GMT

Does not seem like TurboTax tested these types of transactions...I loaded up TurboTax 2019 and the way they are handling 8949s is pretty different than 2020 (not sure why)

Re: TT Premier 2020 - Stock Sale Category Incorrect on Form 8949

TomG20 — Wed, 10 Mar 2021 16:00:38 GMT

Update: I reported this to TT Tech Support. They escalated to second level support. A ticket was opened with their IT department to investigate further.