sch d and 8949

Forum|Forum|4 months ago
February 21, 2026
1 reply
21 views

since all sales were reported with cost basis, when I enter them usiing the step by step with just the summary gain/loss it produces a sch D with details in the exception smart worksheet and then line 1b is completed. It should not complete the worksheet and just enter the total of items reportable in category A (no adjustment to basis and all reported to IRS) on line 1A and 8a in Parts 1 and 2 respectively. How can this be corrected? It also generated an 8949 which should not be filed and I am unable to delete it.

TurboTax Business Windows

ReneV4

Level 6

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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gideonesq17Author

Level 2

your reply does not seem to work to resolve my issue. I have no adjustments and only categoris A and D. You advised to find Capital Asset Sales worksheetr or the 1099 b worksheet - none of these show up under forms in the top right. And even though I deleted 8949 it does not delete it. What now? Can anyone help with share screen??

gideonesq17Author

Level 2

further to my reply above - the 8949 lines A, B1 and B2 in the exception smart worksheet are prepopulated with an X that cannot be deleted. When I enter that all 1099B items were reported to IRS (basis and proceed with no adjustments it still takes me to complete the 8949