turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1099-B Worksheet incorrect code N (nominee)

I called E*Trade on 2/20/24 this morning,  After explaining the problem to one rep that an incorrect Code N was applied to the Form 8949 and could not be changed in TT, he transferred me toanotherrep with knwledge of the issue.  He did not confirm that it wasa MS IT problem, but I said that TurboTax reads the import, as produced by MS, and in Forms View for the Capital Asset Sales Worksheet, Code N is shown.  Only MS can correct this anomaly.  He agreed to e-mail me in a few days with resolution.  I assume this would mean we need to re-import the cleaned 1099-B from MS.  I will await their response.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
rjs
Level 15
Level 15

1099-B Worksheet incorrect code N (nominee)

Are the sales with code N wash sales? This is a known problem that TurboTax is working on. It's happening with many financial institutions, not just E*Trade. See the following FAQ.


Why are my wash sales importing from my financial institution with adjustment code N instead of code...

 

1099-B Worksheet incorrect code N (nominee)

No, all of my equity sales transactions were long term sales without any re-purchases.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies