To prevent the exception smart worksheet and completion of Line 1b, ensure that there are no adjustments or a "various" date.
Note that the IRS allows you to skip Form 8949 only if there are only Category A (Short-Term) or D (Long-Term), no adjustments and the basis was reported to the IRS.
In the Desktop version, you can fix this manually on the worksheets that flow into the Schedule D.
- Go to Forms at the top right and then find Capital Asset Sales Worksheet, or the 1099-B Worksheet for the specific broker
- Ensure that the box, "Check here if this summarizes multiple sales" is checked
- Ensure the sales categories are either Box A or Box D
- Go to Sch D (located above the worksheets) and you should see the totals are up in Line 1a
If you are not using the Desktop version, you should consider deleting the existing Form 1099-B and then start over, ensuring that when inputting totals for Box A and Box D, they do not include any adjustments or wash sales.
If you leave the adjustment field with $0.00 instead of blank, or select a different category than A or D, TurboTax will automatically generate Form 8949 and move your totals to Line 1b.
To delete Form 8949 in TurboTax Desktop, select it from the left and then click "Delete Form" at the bottom of the screen.
To delete Form 8949 in TurboTax Online, go to Tools, Tax Tools, then Select Delete a form from the pop-up window.
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