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In the review I see this error from Capital asset Sales Wksht(1) --Capital gn (ls) adjustments/other info (account xxx) -- see attached statement ) Accrued interest requires a value when code Code D is entered as a manual adjustment value

In my Form 8949

I have in (f) codes DMW with the right adjustment value in column (g)

(The adjustment value is an addition of D(Accrued interest) and W(disallowed wash sale))

 

In the Capital Gain(Loss) Adjustment worksheet

I have the adjustment code DMW

with correct adjustment amount in Part II (manual adjustment)

 

In 1099-INT (in the interview)  I entered the value of accrued interest in the report interest adjustment section with the box My accrued interest is included in this form 1099-INT checked.

 

I see the aggregated Accrued Interest value (passed through the 1099-INT) in the Schedule B > Part I Interest with the Adjustments to Internal Income with the correct Accrued interest (aggregated from all 1099-INT's)

 

However in the review in Part IV of  the Capital Gain(Loss) Adjustment worksheet >

It is expecting a value in Accrued interest to Sch B

which is why it is flagging an error (in the review).

 

Please advise If I can ignore these errors in the Capital Gain(Loss) Adjustment worksheet  since the 8949 and Sch B has the correct values for these Accrued Interest values.

 

I am also sending paper copies of the 1099-B to the IRS.

 

Thanks in advance.

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3 Replies

In the review I see this error from Capital asset Sales Wksht(1) --Capital gn (ls) adjustments/other info (account xxx) -- see attached statement ) Accrued interest requires a value when code Code D is entered as a manual adjustment value

 

In the review I see this error from Capital asset Sales Wksht(1) --Capital gn (ls) adjustments/other info (account xxx) -- see attached statement ) Accrued interest requires a value when code Code D is entered as a manual adjustment value

I tried calling the customer support number but they did not have an answer. Could you help answer this question.

 

Thanks in advance.

In the review I see this error from Capital asset Sales Wksht(1) --Capital gn (ls) adjustments/other info (account xxx) -- see attached statement ) Accrued interest requires a value when code Code D is entered as a manual adjustment value

I can page Champ @Mike9241 to see if he has any input.

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