Entering multiple codes for Form 8949, Column F in ProSeries

The program will automatically enter multiple codes in column F of Form 8949 in a 1040 return based on the entries made on the Schedule D and its worksheets. Any adjustment codes entered will automatically be put in alphabetical order, per IRS instructions.

In ProSeries 2020 and newer:

1. Open the 1099-B worksheet.
2. Enter the transaction details in the Quick Entry Table.
3. Review the table for the available adjustment codes:
   
   • If the adjustments do not have a * all adjustment codes can be combined and entered in the Quick Entry Table the Adjustment Code(s) field with the total needed adjustment in the Adjustment Amount field.
   • If any of the adjustments have a * leave the Adjustment Amount and Adjustment Code field blank. Double click on the Property Description and enter the codes in Part II and/or Part III of the Capital gains and loss adjustment worksheet.

In ProSeries 2019 and prior:

1. Open the Capital Gain and Loss Transaction Worksheet.
2. Complete part I-IX as needed.
3. In Part X an adjustment must be entered on line 7.
4. Enter the adjustment codes on line 9.

Related topics:

• Form 8949 Instructions
• How do I attach a stock summary to the Schedule D and Form 8949?
• Methods for entering stock transactions for the Schedule D