Form 8949 - how can create one manually for a 1099-B that I cannot import

[RaoBuddha]

My company sent me form 1099-B that has amount in "Proceeds" and nothing in "Cost or other basis".

Description of property says few shares RSAIPO.

Apparently they sold some shares on my behalf and allocated that to me as income and reported on w-2.

They asked me to file form 8949 for this.

In TurboTax, 8949 forms are automatically created from schedule D that got automatically created from 1099-Bs that imported.  The 1099-B I received from my company cannot be imported. 

So how to I manually create a 8949 form to report the transaction for which my company sent me 1099-B.

Thanks

[pk]

@RaoBuddha , not fully understanding  what your company did ( and /or legality of that ), what I get is that you have a W-2 showing your wages for the year  and you have a 1099-B showing only  the stocks sold ( name, quantity, date sold  and amount).   Generally these  kinds of transactions are called  "not covered" because  the broker does not have  data on the basis  or when acquired.   So you tell TurboTax  that you have sold shares  and that you have a brokers consolidated  report --- Turbo will then walk you through filling out the boxes for the  form 8949 --- you have to provide  when acquired  and whether this is short term or long term  ( generally  holding period  longer than one year is long term ) and of course  the price at which you acquired.   Your  company/ issuer of the 1099-B should be able to tell you when  these shares were awarded to you and at what price --- else the software will assume that the shares are short term ( no capital treatment) and that the  basis is ZERO i.e. fully taxable.

The 8949 will  then flow to schedule-D and onto form 1040 schedule-1

Does that make sense ?

Namaste

pk

[ALBER71]

The info on 1099-B is entered into a 1099B worksheet.  How is that put onto Schedule D correctly.  The instructions on Schedule D seem to say to use the Line 1b, not 1a where it is found. 

Same for Box D entry on line 8 b, not 8a.  the 8949 doesnt appear to be populating correctly.  

Am I doing something wrong?   Overriding values on 8949 is not the way it can work. 

[DoninGA]

@ALBER71 To manually enter the Form 1099-B you need to use this procedure -

To enter an investment sale -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Under Investment Income
On Stocks, Cryptocurrency, Mutual Funds, Bonds, Other, click the start or update button

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

[ALBER71]

I only use Deluxe. 

[ALBER71]

I will try this path as the steps seem the same.

[ALBER71]

I had entered the 1099-B information correctly.  It then seems to populate Schedule D on the wrong lines.  And then doesnt populate the line D type on 8949 as it needs two page 2.  Tried override and it generated a ton of errors.  

Instructions maybe a bit contradictory.  Is schedule D populated first or 8949

[DoninGA]

@ALBER71 The TurboTax program completes the Form 8949 after the entry of the Form 1099-B is completed for the Schedule D.

Delete your investment sales entry in the interview section of the program by clicking on the Trash Can symbol.  Or click on Forms and delete the Schedule D in Forms mode.

Re-enter the Form 1099-B in the interview section or the program.  Make sure you read each section of the interview so the 1099-B is entered correctly in the program.

[ALBER71]

Thank you.   I got it to work correctly.  I did have to remove both 1099 -B worksheet and Schedule D.   When I re-entered the 1099-B data during the interview, i did each transaction from the 1099-B although a bit more work, all lines on Schedule D populated correctly.