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Level 3
posted Mar 7, 2025 5:33:19 PM

Business/Trust turbotax - form 8949 no option to select box "F" in step-by-step

I'm puzzled by this. I can select boxes A, B, D, and/or E, but box F - which in this case is a capital loss due to bankruptcy of the company - is not an option. How do I fill out the entry?

 

UPDATE: I found this question/answer which explains how to do it. I'm still puzzled by why one has to use this circuitous route to add this designation. It's uncommon, but not that uncommon.

 

https://ttlc.intuit.com/community/taxes/discussion/busi[product key removed]tax-form-8949-no-option-to-select-box-f-in-step-by-step/00/3549365

0 2 1891
2 Replies
Expert Alumni
Mar 9, 2025 8:14:33 AM

In TurboTax Business for Form 1041, enter the information for Form 1099-B Code F under Stocks, Cryptocurrency, etc. using the choice of "No Financial Institution." (The name of the brokerage is optional on Schedule D.)

 

Be sure you enter dates that indicate a long-term gain/loss for the sale. This entry will appear on Form 8949 Part II with Box F checked and on Schedule D Line 10.

Level 3
Mar 10, 2025 1:20:17 PM

Yes, I know, per the other thread I linked to.

 

It's ... not a user-friendly approach. I can see no meaningful reason to just exclude the option to fill in  select portions of data that are on a 1099, and not even offer some direction in the application so the user isn't left to...have to come here and ask.