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Level 6
March 5, 2022
Solved

1099B cost basis positive but told it is negative

  • March 5, 2022
  • 2 replies
  • 25 views

I have entered my cost basis (positive number) and the proceeds were lower so overall result is a loss. 

Why would a positive number be called a negative number? Is there a digit limit? If yes, how to correctly enter large numbers. 

 

 

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Best answer by parvitstax

There appears to be a digit limit when entering directly into the box for proceeds. The workaround is double-click the box and enter the value needed into the "supporting statements" section.

 

2 replies

parvitstaxAuthorAnswer
Level 6
March 5, 2022

There appears to be a digit limit when entering directly into the box for proceeds. The workaround is double-click the box and enter the value needed into the "supporting statements" section.

 

qbteachmt
Level 15
March 5, 2022
Don't yell at us; we're volunteers
Level 6
March 6, 2022

i dropped the pennies and it still gave the same error

joshuabarksatlcs
Level 9
March 6, 2022

How much is the computed loss?

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