sale of securities

Forum|Forum|6 years ago
March 27, 2020
13 replies
60 views

how do i enter the sale of a LT security that needs Box D on Form 8949?

Lacerte Tax

This topic has been closed for replies.

George4Tacks

Level 15

Screen 17. Enter the items into the grid. Make sure the dates make the sale long term (year and a day). Make NO ENTRY in the column after Basis, that will make the code D.

In this image the first 2 will be code E, the third entry will be code D.

Answers are easy. Questions are hard!

G

gk1Author

Level 2

specifically looking for how to code entry so that Schedule D line 8b gets populated.

George4Tacks

Level 15

That is exactly what I gave you.

Make long term. Enter NOTHING for the Basis reptd...

Form 1099-B: blank=box 3 shows basis, 1=box 3 does not show basis, 2=Form 1099-B not received

Schedule D

Screen 17; Code 541

This field determines where the asset prints on Form 8949. Leave this field blank if the transaction was reported on Form 1099-B with the basis reported to IRS. This will print on Form 8949 with Box A or D checked. Enter ‘1’ if the transaction was reported on Form 1099-B but the basis is not reported to IRS.. This will print on Form 8949 with Box B or E checked. Enter ‘2’ if Form 1099-B was not received. This will print on Form 8949 with box C or F checked.

Answers are easy. Questions are hard!

G

gk1Author

Level 2

the 1099 says "transactions should be reported on 8949 in Part II with Box D checked.

Sign up

Login with SSO

Let's get you signed in

Login with SSO