Skip to main content
Level 3
March 5, 2020
Solved

ProConnect puts form 1099-B entries on Form 8949 with the (F) code for LT transactions w/basis NOT reported but the entries are coded correctly for (D) with blank. Help?

  • March 5, 2020
  • 1 reply
  • 0 views
No text available
This topic has been closed for replies.
Best answer by George4Tacks

You are correct on the coding, I responded incorrectly. How many entries do you have? Do they all show incorrectly? If it is just one or two that show incorrectly, I would delete them and re-enter.

 

1 reply

George4Tacks
Level 15
March 5, 2020

Are you sure you coded them correctly? Use a 1 for BASIS RPTD,  a will create the code F.

A code 1 means the BASIS was not reported on the 1099B.

A code 2 means it was not even on the 1099B. 

Answers are easy. Questions are hard!
Level 3
March 5, 2020

I leave it blank in response to the code list. That says that they are on the 1099 and reported to the IRS which is the correct selection. But that is not what the form 8949 shows. Putting in 1 does not solve it either. This is annoying.