1099-DA: Box 1c - Number of units forcing me to put a number greater than 0

[taxpayer1776]

Is it a bug?

As the title implies. I'm being prompted to log transactions. One sale was .00004 of ETH. It tells me the value must be greater than 0. It was not greater than 0. I tried emailing but there is no email to contact Turbotax. I tried calling and couldn't get anyone on the phone. I tried searching here and found nothing. 

I'm just not going to include the 1099-DA in my taxes this year, thanks Turbotax. 

[LindaS5247]

Importing may have caused this issue with your Form 1099-DA. If that is the case you can delete the 1099-DA form entirely and enter it manually.  Try leaving the box empty or try rounding to the lowest possible, non-zero decimal place.

Also, if you are entering them one by one and they have very small amounts, try selecting sales section totals, which is more flexible. If you have amounts with zeros, enter a very small amount like .0001 if it will take it.

If the 1099-DA shows $0 cost basis, select "I need to adjust my total cost basis," select code B, then enter your actual cost to avoid overpaying taxes.

To delete your Form 1099-DA, you can:

If you used TurboTax Online to delete your Form 1099-DA:

1. Click on "Tax Tools" in the left panel of your TurboTax screen
2. Select  "Tools"
3. Click on "Delete a Form"
4. Scroll down the list of your forms to find Form 1099-DA
5. Click on the trash can to the right of your form to delete it

If you used TurboTax Desktop to delete your Form 1099-DA, you can:

1. Click on "Forms" in the top right of your TurboTax screen to switch to "Forms Mode"
2. In your left panel of your TurboTax screen find Form 1099-DA
3. Click on "Delete Form" at the bottom of the form
4. Click on "Yes" to confirm the deletion

The re-enter the information again as follows:

1. Go to Wages & Income
2. Click on I'll choose what to work on
3. Scroll down to Investment Income
4. Click on Update after Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
5. Click on Add Investments
6. Select to skip import
7. Click on the box for digital assets and Continue
8. You will be prompted to enter your digital asset information

Click here for Your Crypto Tax Guide

Click here for Crypto Tax Forms

Please return to Community if you have any additional information or questions and we would be happy to help.
 

[taxes4739]

Taxes are now due in 3 weeks and this is still broken. I enter a perfectly valid, nonzero value of 0.00009 BTC (aka ~$10) and the software takes it upon itself to truncate the value & then assert that the now-zero value is invalid (see below).

As the OP mentioned, in addition to shipping broken software, Intuit provides no proper direct support channel - apparently leaving the only solution as deliberately entering incorrect values that do not match what is on our 1099-DA.

Truly baffling.

[taxes4739]

Regarding the suggestions:

> Importing may have caused this issue with your Form 1099-DA. If that is the case you can delete the 1099-DA form entirely and enter it manually.

Nope, the bug is that you can't even enter it manually.

>Try leaving the box empty or try rounding to the lowest possible, non-zero decimal place.

It won't let you leave it blank. The lowest non-zero that it will take is overstating the true value by 10x in the case of bitcoin. Deliberately entering wrong values that do not match your 1099-DA doesn't seem like a good idea.

> if you are entering them one by one and they have very small amounts, try selecting sales section totals

The total value is still below its rounding threshold. Also, these are noncovered sales so that would require physically mailing separate forms to the IRS just to workaround Intuit's broken software.

> If the 1099-DA shows $0 cost basis, select "I need to adjust my total cost basis"

The issue is with number of units