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Carolineling2020
Returning Member

accrued interest requires a value when code D is entered as a manual adjustment code

from my 1099-B short term transactions

I saw "D" beside the numbers in the columns for 1f-Accrued Market Discount (M) & 1g-Wash Sale Loss Disallowed (D). So I entered the code "D". After Smart Check, Turbo tax gives an error for this, saying:

Form 1099-B worksheet - capital gain adjustments/other inform: Accrued interest requires a value when code D is entered as a manual adjustment code. 

But I don't see any accrued interest from the 1099-B form. 

If I don't fill the code "D", the Gain or Loss number is not matching with 1099-B. 

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4 Replies
Philip12
New Member

accrued interest requires a value when code D is entered as a manual adjustment code

if accrued interest is not found on 1099-b , how do i determine the value

 

DaveF1006
Expert Alumni

accrued interest requires a value when code D is entered as a manual adjustment code

It depends. Try to remove the code D or contact the broker to see if they can provide an answer.

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accrued interest requires a value when code D is entered as a manual adjustment code

Did u find a solution ? I need help with the same 

JulieS
Expert Alumni

accrued interest requires a value when code D is entered as a manual adjustment code

If you look at your 1099-B, check for numbers in box 1f and 1g. If you don't have any numbers in those boxes, you shouldn't have adjustment codes either. 

 

Code D indicates that you need to adjust the sale of your bond by the amount of accrued market discount. If there is no number in box 1f, there shouldn't be a code D either. 

 

Code M means the dealer has combined more than one transaction together, which requires an adjustment, so that does seem like something you may have.

 

If you have a number in box 1g, that is a wash sale adjustment, which is code W. 

 

If this still doesn't make sense based on your 1099-B, you should contact your broker for more information about what they are reporting. 

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