i put some money into an account to be traded with using algos
it didnt go well made them stop and took a loss the 1099-b they sent me only has numbers in box 8 , 9 and 11 when i enter this in turbotax it only asks for box 1d and 1e so i selected i need to adjust my total cost basis and put the loss amount or box 11 in that field
example ($-3000 ) but it keeps asking me to review what am i doing wrong
When Form1099-B contains amounts in Boxes 8-11, the statement is from a Regulated Futures Contracts Broker, Foreign Currency Contrat Broker, or Section 1256 Option Contracts Broker. Gain (or Losses) from these transaction types are reported on Form 6781 based on the contract type.
To enter box 11 amount on Form 1099-B, follow these steps:
With your federal tax return open:
[Edited on 2/12/2022| 2:11 PM, PST]
Won't that make it a positive number then making it a gain ?
Does doing this online vs software make. Difference
You talking the search bar at the top or after I select add investment