Folks:

My client has a series of short cover transactions on his 1099-B.  For most of them, the cost and proceeds data looks normal:  Cost of $5,000, proceeds of $6,000.  I assumed that these were entered in Lacerte just like any other stock transaction.  But one of the transactions shows proceeds of $6,000 but a cost of $70,000!  I have not yet asked the client if that is correct, which I will do, but in the meantime this got me worrying that I was not entering the transaction correctly in Lacerte.  Is there anything special to be done with it?

Thanks.

Micah