1099-B Worksheet incorrect code N (nominee)

[mtnview]

TurboTax 2024 Premier 1099-B worksheet has an adjustment code N that's incorrect.

This results in a later error that no adjustment amount was entered.

The 1099-B is mine - I didn't receive it as a nominee for someone else.

Why is turbotax insisting on using code N? How is it determining this?

It won't let me delete the adjustment code N on the worksheet

[abhayb]

I have the same stupid error!! I am almost done with the taxes but blocked here.. 

[TAS467]

DITTO - exact same problem!!!

Cannot figure out how to fix this.

Downloaded from Morgan Stanley

Similar issue reported on reddit

https://www.reddit.com/r/TurboTax/comments/1atbdjn/wash_sale_loss_disallowed_adjustment_code_not/

workaround did not work for me

[TAS467 · Accepted solution]

Similar issue reported here:

https://ttlc.intuit.com/community/taxes/discussion/i-have-errors-on-form-1099-b-worksheet-morgan-sta...

Morgan Stanley isn't open until Tuesday (Bank Holiday Monday). Plan to call them - it could be a software issue on their side downloading incorrect data. 

[Red Fox]

Rumor has it that Etrade has ack'd the problem and is working on a fix. Hopefully a communication to 1099 recipients will be forthcoming giving more information and announcing the timing of a fix.

[AbrahamT]

We are aware of this experience. Sign up here for updates. 

[Netsirk1]

Do you know if this issue has been resolved?

[DawnC]

Yes, it has.   If you are using the desktop program, please update your software.  @Netsirk1 

[Diytax4while]

After the update TT desktop says "1099 import unavailable, try after Feb 26st". Maybe it's on hold till MS also fixes something at their side?

[RachelW33]

The issue with 1099-B's incorrectly importing with adjustment code N has now been resolved.  Please delete your imported 1099-B, update your TT Desktop software, and then re-import.

If this doesn't resolve the issue, please let us know so that we can assist you further.

@Diytax4while 

[Diytax4while]

Confirmed it's resolved. As of today, the import of 1099 worked just fine. Thanks for fixing this!

[ashworthRC]

Hello!  I did a single download of all my info from Etrade.  Can you please tell me....  How do I delete just this to re-download?

[JamesG1]

In TurboTax Online, follow these steps to remove an investment sale transaction.

• Down the left side of the screen, click on Federal.
• Down the left side of the screen, click on Wages & Income.
• Scroll down to Investments and Savings and click the down arrow to the right.
• Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
• At the screen Let's finish pulling in your investment income, click the down arrow to the right of the 1099-B investment.
• The Edit and delete trashcan become visible.
• To edit or delete an individual line with the IRS form 1099-B entry, select Edit.  Individual lines become available.  
•      Bulk Edit may be available by clicking the box to the left of the line.
•      The pencil icon is used for editing the line.
•      The trashcan delete icon is used to remove that line.

The Edit button and trashcan are in the lower left hand corner of the screen.

@ashworthRC