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BYPASS8949

bmprakash
Level 1

Hello Team,

BYPASS8949 adjustment code is consolidating all my capital gains into 1040D form.

This problem has not occurred in another account from same broker, which also does n't have any wash sales. All entries from this account were copied to 8949 form as needed.

We have moved from Michigan to Texas mid year and all the gains consolidated need to be deducted from reporting in michigan capital gains & I want them to be reported in 8949 like other account - stock sales.

Adding 0.01 generates W adjustment code, but not sure if i am ok to do that.

Please advice, how to avoid this BYPASS8949 code?

Best Regards

Bhanu.

bypass8949.png

 
 
 

 

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1 Comment 1
qbteachmt
Level 15

You seem to be lost on the internet.

You’ve come to a Peer User community for Intuit Income Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte Tax Preparation programs, and you may be looking for support as an individual taxpayer using TurboTax. Please visit the TurboTax Help site for support.

And try this screen, for the various topics (subforums): https://ttlc.intuit.com/community/discussions/discussion/03/302

Your sign in user info here is the same one you can use over at the TurboTax forum.

Thanks.

 

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