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Level 3
Jan 16, 2023 8:37 PM UTC
Question

Sch d is not pulling expenses

I cannot figure out why sch d is not pulling amount entered for expense of sale

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5 replies

George4Tacks
Level 15
Jan 16, 2023 11:44 PM UTC

Where did you make this entry? 

Cost or other basis of property sold (Line 8)??

Answers are easy. Questions are hard!
allisonsAuthor
Level 3
Jan 16, 2023 11:56 PM UTC

First there are no line numbers on the input screen in proconnect. 

 

second - no it is expense of sale

 

George4Tacks
Level 15
Jan 17, 2023 12:25 AM UTC

I know there are no line numbers or screen numbers in ProConnect.  I had a senior moment. 

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I see this working. The expense shows as an adjustment code E on 8949, column f & g. I shows on Schedule D, in  column G. 

If the sale is reported as a covered transaction with basis reported, then generally the expense of sale is reflected in the "cost or basis." 

Answers are easy. Questions are hard!