1099B cost basis positive but told it is negative

parvitstax · ‎03-05-2022

I have entered my cost basis (positive number) and the proceeds were lower so overall result is a loss.

Why would a positive number be called a negative number? Is there a digit limit? If yes, how to correctly enter large numbers.

parvitstax · ‎03-05-2022

There appears to be a digit limit when entering directly into the box for proceeds. The workaround is double-click the box and enter the value needed into the "supporting statements" section.

View solution in original post

qbteachmt · ‎03-05-2022

This topic mentions an 8- or 9-digit entry limit. Can you drop the pennies?

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/does-anyone-have-a-clie...

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parvitstax · ‎03-05-2022

i dropped the pennies and it still gave the same error

joshuabarksatlcs · ‎03-05-2022

How much is the computed loss?

I come here for kudos and IRonMaN's jokes.

parvitstax · ‎03-05-2022

That wasn't the issue but the computed loss was correct.

joshuabarksatlcs · ‎03-05-2022

Sch D and F8949 both correct? Positive number shown there for the basis?

If Y and Y, and if the computed loss was correct, what's the problem?

I use Lacerte so Joshua may just be barking up the wrong tree, but the screen shows numbers in red. Was it the same for smaller basis numbers? Could it just be some kind of alert that could be set up by the users?

I come here for kudos and IRonMaN's jokes.

parvitstax · ‎03-05-2022

the problem has been solved. thank you