I have this problem 3 years in a row: I entered investments using the Step by Step process (SBS) -- Box A and Box D transactions. I have no adjustments to make to what is reported in 1099-B; so I entered the numbers in summary form for each 1099-B. All numbers should be reported on Line 1a and 8a in Schedule D. Yet, some numbers show up in Line 1b and 8b.
The first year it happened, a representative call me back and tell me to check a box on the form somewhere. Unfortunately, I didn't make a note of it.
Last year the same problem happened again. I deleted the 1099-B that were showing up on Line 1b and 8b; and reentered them to no avail. Multiple calls to Intuit Support didn't help either. The calls were escalated to "Tax Pros" who claim they know Schedule D well. Yet they don't know the difference between Line 1a & 1b (and Line 8a & 8b). I ended up over-riding the numbers to the proper Lines.
This year, the same problem again. Fortunately, deleting and re-entering cure the problem this year.
Can anyone tell me why the numbers are appearing on the wrong line? [I am positive that I didn't make a mistake when I go through the SBS: Very simple -- Basis are reported to IRS and No adjustments. When the numbers show up on the wrong line, I go back to that 1099-B and double checked.]
A separate issue comes up this year. One 1099-B has a Wash Sale Loss dis-allowance for Box D sale (multiple lots). I accept the disallowance and therefore have no adjustment to what is reported on 1099-B. However, when I entered the Wash Sale Code, the numbers gets reported on Line 8b -- which means I have to list all the individual transactions (multiple lots) for that 1099-B's Box D on Form 8949 or an attachment. Since all that info is already reported to the IRS by the broker and I accepted those numbers; it is totally unnecessary for me to duplicate that info on Form 8949 or attachment.
I find that if I don't input a wash sale loss code and just enter the capital gains net of the disallowance, the numbers would show up on 8a. Is that acceptable?
If NO, is there a way to do it to avoid the duplication of info on Form 8949?
