Accountant-Man
Level 12
11-17-2020
02:38 PM
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I broke down and opened a dummy return to see this mess.
When you are on the 1099-B w/s, the NEW (and improved!) way to enter stock sales, enter the name, dates, sales price and cost, but DO NOT ENTER THE ADJUSTMENT* AMOUNT HERE.
Instead, double click on Adjustment Amount* box and go to Capital Gain(Loss) Adjustments w/s. Go to Part III and enter correct basis.
Then the correct adjustment will appear on Sch D and 8949.
** I'm still a champion... of the world! Even without The Lounge.