sch d and 8949

[gideonesq17]

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. 

[ReneV4]

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.

[gideonesq17]

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??

[gideonesq17]

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

[DianeW777]

It  depends. You can file your tax return even if Form 8949 is part of the tax return. It will not change your numbers or tax liability in any way. If you would like you can use the information below to send a copy of your file.

 If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions:  (Don't forget to give us the state)

TurboTax Online:

Open your return -Go to the menu panel on the left side of your return and select Tax Tools. 

1. Then select Tools below Tax Tools.
2. A window will pop up which says Tools Center.  
3. On this screen, select Share my file with Agent.
4. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number.
5. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information.

TurboTax Desktop:

If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps:

1. Click on Online in the top left menu of TurboTax Desktop for Windows
2. Select 'Send Tax File to Agent'* > Follow the prompts to reach the token number.
   • Enter your email used for TurboTax > Enter your code > Send
3. Write down or send an image of your token number and state then place in this issue.
4. We can then review your exact scenario for a solution.
5. Please also tell us any states included in the return. This is necessary for us to view the return.
   • *If using a MAC, go to the menu at the top of the screen, select Help, then, 'Send Tax File to Agent')

We will be able to see exactly what you are seeing and we can determine what exactly is going on in your return to provide you with a resolution.

@gideonesq17