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When entering manual corrections to 1099-B with errors, how do enter a gain instead of a loss when there is no choice to do so

When entering manual corrections to 1099-B with errors, how do enter a gain instead of a loss when there is no choice to do so?  You only have the choice to change Disallowed Wash Sales, but no way to enter a gain.

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2 Replies
rjs
Level 15
Level 15

When entering manual corrections to 1099-B with errors, how do enter a gain instead of a loss when there is no choice to do so

You do not enter the gain or loss. You enter the proceeds and the basis, then TurboTax calculates the gain or loss.

 

When entering manual corrections to 1099-B with errors, how do enter a gain instead of a loss when there is no choice to do so

No, you don't enter the Proceeds & Sales when they are WRONG.  It's clear you don't know how to make corrections by editing under "Investment Income - 1099-B or broker statements" and choosing EDIT and look for the entries that are errant.

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