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Does anyone know how to correct on schedule D, I input data, but basis changes when I have finished return? Instead of $250k, it's $258k. Show gain instead of loss.

lkmccor
Level 1
1099 Basis is $259929.
Printed Sch D basis changes to $258221.
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5 Comments 5
Kathy1225
Level 2

Check if there are any capital gains on a 1099-Div or 1099-R. Even wash transactions.

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itonewbie
Level 15

What kind of asset?  1099-B or 1099-S?

Type the following amounts into the search box and check whether there is any result under Field Data:

  • 258221
  • 1708

 

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Still an AllStar
lkmccor
Level 1

1099-B sale of stock

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itonewbie
Level 15

Did you do the search as suggested?

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Still an AllStar
George4Tacks
Level 15

How many entries did you make?

Could you get away with much less?

1 entry for all short term covered

1 enter for log term covered

1 enter for short term not covered

1 enter for long term not covered

a few entries for those that are not either.


Answers are easy. Questions are hard!