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?

[George4Tacks]

Are you sure you coded them correctly? Use a 1 for BASIS RPTD,  a 2 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. 

[rabarton01]

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.

[rabarton01]

BASIS RPTD: BLANK=TO IRS, 1=NOT TO IRS, 2=NOT ON 1099-B

The above is why I leave it blank since they are all reported. But  they are still coded with (F) as not on 1099B. 

[George4Tacks · Accepted solution]

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.

[rabarton01]

15 Entries. 3 are coded correctly; One short term is incorrect; 9 LT are incorrect. I will try your suggestion, but this years version of the software is real buggy. Not sure why there are no other complaints. 

[rabarton01]

It seems to be working. The entries are being redirected to the correct codes now that I delete and renter each one. Tedious but is saving me the extra time to investigate. Thank you very much.