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Generating Form 8949 Column F for various codes

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Generating Form 8949 Column F for various codes

In this article, you'll find instructions on generating Form 8949, column F for various codes. Form 8949, column F reports a code explaining any adjustment to gain or loss in column G. Click on the code you need to generate below to view instructions on generating it in an individual return.

Before you start:

See the Form 8949 Instructions for a complete list of codes and when to use them.

  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Enter the adjustment in Adjustment to basis if reported incorrectly on Form 1099-B, box 1e.
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Check the box Form 1099-B, box 2 type of gain or loss reported incorrectly.
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Check the box Received 1099-B or 1099-S as a nominee.
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Sale of Home section at the top of your input screen. If you don't see this option, click the "X" more button just above Back to Quick Entry.
  7. Check the box Sale of home (MANDATORY to compute exclusion).
  8. Check the box 2 year use test met (if applicable).
  9. Scroll down to the Reduced Exclusion subsection.
  10. Enter a 2 in Report on Schedule D: 1=when applicable, 2=force [Override].
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Scroll down to the QSB Stock subsection.
  8. Enter a 1 in 1=qualified small business stock(exclusion or rollover), 2=business located in empowerment zone (exclusion only).
    • Note: Code Q will also generate from entries in the Income > Dividend Income (1099-DIV) screen, in the field labeled Section 1202 gain (2c).
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Enter an amount in District of Columbia Enterprise Zone or qualified community assets amount excluded (-1 to exclude all).
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Scroll down to the QSB Stock subsection.
  8. Enter a 1 in 1=qualified small business stock(exclusion or rollover), 2=business located in empowerment zone (exclusion only).
  9. Enter an amount in Section 1045 rollover (1=postpone entire gain or enter amount).
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Enter an amount in Wash sale amount disallowed (-1 to disallow all).
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Enter an amount in Amount of loss that is nondeductible (-1 to disallow all).
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Enter an amount in Expenses of sale or exchange.
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Check the box Section 1244 stock.
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Check the box Collectible (art, stamps, coins, precious metals, etc.)(28% rate).
  1. Go to the Input Return tab.
  2. On the left-side menu, select Income.
  3. Click on Dispositions (Sch D, etc.).
  4. In the Quick Entry grid, enter all applicable information regarding the sale.
  5. Click the Details button.
  6. Select the Schedule D section at the top of your input screen.
  7. Enter an amount in Other adjustment to gain or loss (-1 for all).

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