How to input to new form 8949?

Forum|Forum|7 years ago
June 5, 2019
2 replies
52 views

I want to report a long term non-business bad debt. 'Help' says to put it on Form 8949 but system won't let me put it on a Form 8949 saying all info on that form is generated from Sched D. But my loss is not on Sched D. So how do I report it??

System will not let me open a new empty Form 8949.

TurboTax Premier Mac

Best answer by AnthonyC

It sounds like you are attempting to work directly in forms mode in the desktop software. For this section, that is not a good idea and for the most part, you should not work directly in forms mode in TurboTax as many of these transactions cross-reference multiple forms and need all of them to work properly.

Instead, go to -

Federal Taxes
Select Wages and Income
You may need to click "Check for More" or "Show More" to get the full list of income topics
Scroll down and select Investment Income
Click edit next to Stocks, Mutual Funds, Bonds and Others
Answer No to the question Did you get a 1099-B or a brokerage statement for these sales?
The next screen should say Choose the type of investment you sold
Select the option for Uncollectible Debt (Nonbusiness Bad Debt)
Proceed through the following prompts to report

AnthonyCAnswer

Level 12

Instead, go to -

Federal Taxes
Select Wages and Income
You may need to click "Check for More" or "Show More" to get the full list of income topics
Scroll down and select Investment Income
Click edit next to Stocks, Mutual Funds, Bonds and Others
Answer No to the question Did you get a 1099-B or a brokerage statement for these sales?
The next screen should say Choose the type of investment you sold
Select the option for Uncollectible Debt (Nonbusiness Bad Debt)
Proceed through the following prompts to report

robynjonh

Level 3

Dear @AnthonyC , that was very helpful, thank you! I had opened forms for Schedule D and From 8949, but it was not letting me do anything--so I searched this out, and your answer got the job done! Much gratitude to you!