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- How do you report adjustments to the basis reported on the 1099b for non statuatory otions on the 8949
How do you report adjustments to the basis reported on the 1099b for non statuatory otions on the 8949
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Brent H
Level 1
10-07-2024
03:47 PM
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2 Comments 2
George4Tacks
Level 15
10-08-2024
11:20 AM
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Refer to the instructions https://www.irs.gov/pub/irs-pdf/i8949.pdf
Find the proper code from above, then refer to https://accountants.intuit.com/support/en-us/help-article/form-1099-b/generating-form-8949-column-f-... for how to do the input.
Answers are easy. Questions are hard!
TitoBonsai
Level 3
10-08-2024
01:50 PM
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@George4Tacks’s posting is good and comprehensive, covering all types of adjustments to basis including that of your issue. My posting below details steps in Lacerte to address adjustment pertaining to your specific question.
Go to Screen 17 Dispositions
On the left column under the heading Sections, click Schedule D
On the third row Adjustment to basis if reported incorrectly on Form 1099-B, box 1e, enter a positive number to increase the reported basis, or a negative number to decrease the reported basis.
