How can I add the adjustment onto the tax form?
Do I just add the amount in the proceeds box when initially reporting the amount in Turbo Tax?
Thanks
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Disregard - I was able to figure it out by going to forms and the Capital Asset Sales Entry Worksheet. There, I was able to enter the codes and adjustment amounts.
When you see the 1099-B you've previously entered through the import process, select that form to Edit, and then follow the prompts to manually adjust the cost basis / sales expense / proceeds, to reflect the full taxable nature of your transactions.
Hi Melinda.
Thanks for your reply.
So the answer is to manually adjust the proceeds that were imported from the 1099-B, instead of inserting a code and adjustment amount like Form 8949 requests?
I do not see any boxes to indicate a code for adjusting the amounts that would show up on Form 8949.
Disregard - I was able to figure it out by going to forms and the Capital Asset Sales Entry Worksheet. There, I was able to enter the codes and adjustment amounts.
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