TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

can't add an adjustment code to 1099-B

Forum|Forum|5 years ago
October 14, 2020
3 replies
36 views

Hi there

I'm trying to use "M" as an adjustment code to a 1099 B and the field is highlighted red and won't let me enter this code. It doesn't let me enter most codes in fact. It did however let me enter B as i was just trying random ones? any idea what's going on?

Level 15

You didn't say what version of TurboTax you are using. It sounds like you're using the CD/Download software, and trying to enter your 1099-B in forms mode. Doing it that way is very complicated and error-prone. You should enter your investment sales in the Step-by-Step interview. If you select the option to enter a summary instead of entering each sale, TurboTax will enter the adjustment code M.

If you have further questions, please say whether you are using TurboTax Online or the CD/Download TurboTax software, and what edition (Basic, Deluxe, etc.).

Level 15

TurboTax won't let you pick any Code, as you have discovered.

They have to be implied by the selections you are making in the entry panels.

M is the mail in election. if you enter a summary other than Category A or D, you are going to find an "M" on one or more forms 8949.

TurboTax has been seen to do strange things when printing Form 8949 this year.

Level 2

oops, sorry.