Using version 2019 Professional, I can't get s Code "N" (nominee) adjustment to gain/loss to show up on Form 8949 column (f). I have followed the instructions per the link below to input my transaction. The dollar amount adjustment shows up in column (g), but the Code "N" won't show up on Form 8949. Help!
Thank you! Eric
Yes, thank you Terry, I tried your recommendation but still cannot get the "N" to print on F8949. I found your nominee explanation statement and filled it out (although it is titled for nominee reporting for "Capital Gain Distributions" not Form 8949 sale transactions like mine). I seem to have all the input correct in Part X line 7 and otherwise of the Capital Gain Transaction Worksheet. Still no luck.
My workaround is to plug my cost basis to match the proceeds for a ZERO Gain/Loss. In the description field, I added the verbiage "Nominee Only-Reported at EIN xx-xxxxxxx". Hopefully I can at least avoid an IRS CP2000 matching notice this way.
For emphasis, I'm also adding a general explanation statement to the 1040 explaining the details of the nominee transaction and its proper reporting on the tax return for the actual owner of the income.
You are correct, as the N does not print in 2019, I had only one in 2019, and I did same as you, so far no letter
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