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Why does TurboTax fill in schedule D line 1a proceeds and costs when I have also completed form 8949?

Last year's submission left those fields blank as stated in the actual form. When 8949 is being submitted, those fields area supposed to be left blank, yet TurboTax this year filled them in.  Does that make any difference to the calculations?
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3 Replies

Why does TurboTax fill in schedule D line 1a proceeds and costs when I have also completed form 8949?

for 2020 TurboTax revised the security sales worksheet (1099-B). all trades coded type A with no wash sales can be entered as just totals in the summary section of the worksheet. they do not get reported on form 8949.  is it possible you entered the detail in the detail section and then reported them again in the summary section (top right) 

 

the easiest way I can think of to check for duplication is to add up the proceeds on lines 1-3 and 8-10 of schedule D and compare it to the total proceeds reported on the 1099-B 

Why does TurboTax fill in schedule D line 1a proceeds and costs when I have also completed form 8949?

Thank you for your response.  I uploaded my transaction data from Morgan Stanley, so the detail was input to TurboTax by that upload.  The 8949 was thus generated by TurboTax, as was the data populated into Schedule D.  I cannot determine if this is an issue or not.  The TurboTax text states to leave line 1a on Schedule D blank if also reporting on 8949.  I don't appear to have control over this.  Is this possibly a bug?

DaveF1006
Employee Tax Expert

Why does TurboTax fill in schedule D line 1a proceeds and costs when I have also completed form 8949?

This is not an issue with your return or shouldn't be anyway.

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