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It is April 04, 2021. I am using Turbotax and got the same error. I already rounded the cost to be not have a decimal number, but still seeing the same error. The TurboTax was updated. How to bypass this error now? thanks
You might have to delete the form and start again. Here's how:
How do I view and delete forms in TurboTax Online?
You can then jump straight to the section for your specific 1099 form. Here's how:
Tip: Be sure to select the right financial institution or brokerage from the list. For example, several participating partners' names start with First National Bank and if you select the wrong First National Bank, you won't be able to import.
You can import up to 1,500 transactions from your financial institution in TurboTax Online.
Go here to see how to take a picture of your 1099-MISC in the mobile app.
Here is a TurboTax article about 1099-B, Proceeds from Broker transactions.
Thanks. I deleted and reentered the data for RSU stock sales. However, it shows a category of box E: long term sales with cost basis NOT reported to the IRS. When click on Edit, it returned to the previous screen. I already entered the RSU costs the same as on the previous year's W2 report and everything was reported to IRS. Any reason why I am seeing this message? thanks
btw, now when I run the smart check, the previous error is gone.
@onemoment Please clafiy: did you record the cost basis of the stock on form 1099B? It sounds like the software isn't picking that up, and could be telling you that you've got to pay taxes on the whole sale.
@ReneeM7122 . I already entered the costs for each sales to the software and on the summary page. It shows this message with the total gain/loss.
It shows:
Category = box E
Description: Long term sales with cost basis not report to IRS.
Total G/L amount
If click on edit, it brings me back to the previous page of each sales. The smart check all passed. I am not sure why seeing this message.
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