Error message for 1099B Worksheet

Forum|Forum|5 years ago
January 24, 2021
3 replies
22 views

For all 3 of my 1099B entries, TT says "Cost or Adjusted Basis (Positive Amounts Only) does not match the value on the Capital Gain (Loss) Adjustment Worksheet. Leave this value blank when using the Capital Gain (Loss) Adjustment Worksheet." I get an analogous error message for all my "Sale Price" entries. First, the values absolutely do match. Second, if I leave them blank as the TT error directs me to, then I receive a new set of errors telling me to fill them in. Please advise...

Best answer by DavidD66

@smileyst It's hard to troubleshoot an issue like yours in the public forum. You may want to contact customer service where you can speak with someone live and discuss your issue. To do so, see this TurboTax support FAQ on how to contact Support - https://ttlc.intuit.com/questions/3401489

You can also try deleting your Form 8995 and the Capital Gain (Loss) Adjustment Worksheet and re-entering. To do so, switch to Forms Mode, open your return, and then select the Forms icon in the upper-left corner of TurboTax (or select View from the top menu, then Go to Forms). The Federal Information Worksheet will display and all the forms in your return will be listed on the left side. Click on "Open Form" and enter "Capital Gain (Loss) Adjustment Worksheet" to display the worksheet. Then select the "Delete Form" button and delete both forms.

Also, keep in mind, the IRS will not start accepting e-filed returns until February 12. Even if you complete your return now, and transmit it, it will sit on the TurboTax server until the IRS starts accepting returns. So, you've got some time to figure this out, or wait for TurboTax to figure it out if the issue is on our end.

rjs

Level 15

This is a known bug, and is tentatively expected to be fixed by the end of next week (January 29).

S

smileystAuthor

Level 2

Thanks rjs! Not sure why but I could not see your reply earlier. I hope you're right. Very frustrating!

D

DavidD66

Level 15

As noted by rjs, this is a known issue and is currently being investigated. If you imported your 1099-B entries and don't want to wait for the investigation to be resolved, you can manually enter your transactions. Are you importing your Form 1099-B from TD Ameritrade?

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S

smileystAuthor

Level 2

Thanks David. I'm new here. Not sure how to locate rjs's comment. It's a Fidelity trade. I entered the values myself. I'm stymied.

D

DavidD66

Level 15

Are you using TurboTax Online or Desktop?

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D

DavidD66Answer

Level 15

@smileyst It's hard to troubleshoot an issue like yours in the public forum. You may want to contact customer service where you can speak with someone live and discuss your issue. To do so, see this TurboTax support FAQ on how to contact Support - https://ttlc.intuit.com/questions/3401489

You can also try deleting your Form 8995 and the Capital Gain (Loss) Adjustment Worksheet and re-entering. To do so, switch to Forms Mode, open your return, and then select the Forms icon in the upper-left corner of TurboTax (or select View from the top menu, then Go to Forms). The Federal Information Worksheet will display and all the forms in your return will be listed on the left side. Click on "Open Form" and enter "Capital Gain (Loss) Adjustment Worksheet" to display the worksheet. Then select the "Delete Form" button and delete both forms.

Also, keep in mind, the IRS will not start accepting e-filed returns until February 12. Even if you complete your return now, and transmit it, it will sit on the TurboTax server until the IRS starts accepting returns. So, you've got some time to figure this out, or wait for TurboTax to figure it out if the issue is on our end.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

S

smileystAuthor

Level 2

Thanks. In the Forms section, I found the Form 1099-B Wks and 3 sub-forms, one for each category of trade (reported/not reported, short/long). I deleted those sub-forms. That did not seem to erase the data in the Form 1099-B Wks and it made the error message disappear.