2089785
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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if accrued interest is not found on 1099-b , how do i determine the value
It depends. Try to remove the code D or contact the broker to see if they can provide an answer.
Did u find a solution ? I need help with the same
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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