Schedule D has populated 1a & 8a

Forum|Forum|6 years ago
September 6, 2019
9 replies
18 views

I am trying to finish my 2018 form 1040, having extended.

I have many entries in Forms 8949, as expected. All were imported from my brokerages except for one hedge fund which I had to enter manually.

And yet on my Schedule D, lines 1a and 8a are populated. I don't recognize the numbers in those lines, but I thought that if Forms 8949 were completed, lines 1a and 8a should be blank.

TT (desktop) will not show me Data Sources for those lines. The right-click menu is completely disabled except for the "About" menu item.

Can anyone please explain why I have numbers in Schedule D lines 1a & 8a despite having Forms 8949 full of data?

TurboTax Premier Windows

dmertz

Level 15

It appears that lines 1a and 8a get populated if the entry is being treated as a summary of transactions. It appears that this is indicated by a code M Adjustment code on line 18a of TurboTax's 1099-B Worksheet. I wonder if this happens automatically if the number of transactions exceeds some threshold.

bobweissmanAuthor

Level 6

Thanks for the reply. I just scrolled through all my 1099-B worksheets and line 18a is blank in all of them. So TT doesn't seem to think I'm summarizing.

I do have many 8949 entries because my brokerages report each lot sold individually. Is anyone aware of a bug that manifests when there's a large number of sold lots?

bobweissmanAuthor

Level 6

I should mention that Schedule D lines 1b, 8b, and 9 are also populated, as they should be. Seems like it should be "either/or", either a summary or a full list.

Also, I cannot override or otherwise alter lines 1a and 8a, so I think something is amiss.

I think my next step is to un-import the 1099-B data and see if all those lines empty out, then re-import the data. Unless someone has a better idea? He asked hopefully?