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Capital Gains Transaction Worksheet

Level 3

Does anyone use the Capital Gains Transaction Worksheet?   I Called Proseries  looking for the Capital Gains Transaction Worksheet to enter data from several vacation home sales for 2020.    Was told it would be in the update of 1/14/21.   It was not.  I called again and the rep could not find any past or future update information about this form.  Anyone have info about his?

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Accepted Solutions
Level 15
Level 15

Looks like you just use the 1099B worksheet, scroll down past all the brokerage info junk to the data entry lines that resemble Sch D of past years.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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11 Replies 11
Level 15
Level 15

Looks like you just use the 1099B worksheet, scroll down past all the brokerage info junk to the data entry lines that resemble Sch D of past years.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

Level 15

Looks like this shinny new input sheet is attracting a lot of attention this season.  Intuit must be proud that the hard work they put in is being noticed and recognized. /s

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Still an AllStar
Level 15

The words "new" and "Intuit" are very scary when they are put together in a sentence.  Nothing good ever seems to come from that combination.

This week's special - free roadrunner dinner with every return (legal disclaimer - you catch it and we'll cook it)
Level 15

@IRonMaN  If it makes anyone feel better, the word "new" is not in the same sentence as "Intuit", at least in my response. 🤣

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Still an AllStar
Level 15

That's splitting hairs ------------------- it is still on the same line 😱

This week's special - free roadrunner dinner with every return (legal disclaimer - you catch it and we'll cook it)
Level 3

Thanks Lisa....It will work, but the worksheet was a big help.

Level 11
Level 11

@psaund9860  You just enter the sale of condo on 1099B worksheet. Enter it just like it were a stock transaction, and check box basis not reported, and box not reported on 1099B, and leave 8949 box blank.

The program will auto populate a 8949 for each item you enter that you leave the box 8949 box blank on the 1099B worksheet.

I think once everyone gets used to working the new format they will end up liking it, but it takes some getting used to (especially for us old guys 😁 

Level 2

I liked the old form better.  But, who cares. I'm an old guy on the way out

Level 3

This Capital Gains Transaction Worksheet has been key to my successful prior tax year entries of ESPP and RSU and ISO employee stock sales to reconcile properly on the Employer Stock Compensation worksheet.

Now I am uncertain how I will make adjustments to what is being reported on the 1099-B as I had an entry flow for the past 10 years using the CGTW.

Help!

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Level 3

UPDATE:

I was able to get to the Adjustments Worksheet where there is a check box for employee stock sales requiring adjustment in Part III.  Then you can quick zoom to the Employee Stock Transaction Worksheet and low and behold, it balances!

Level 1

I stumbled across this the other day and I think I found what we are all looking for.... Go to schedule D, click on the quickzoom to 1099B entry and from there, if you double click on the cost basis box it will drill down to another page for ESPP, ISO, Properties, etc.  Feels like it shouldn't be so hard to find.

 

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