2017 tax returns
First, I am using TT deluxe CD version. I don't know what will happen other versions.
I have found that if I manually enter stock transactions on 1099-B Wks, that I create, I can get eligible ones to flow directly to Schedule D lines 1a or 8a
here are the lines I used
line 1a must be A or D
line 2 must be checked yes (should be automatically entered)
line 3 must be checked yes (should be automatically entered)
line 4 enter at least 1 letter or number (it doesn't print)
line 6a sales price
line 7b cost
line 9a should be s or l and (should be automatically entered based line 1a entry)
line 18a must enter M
line 18b must enter 0
when done correctly there should be no boxes that are pink or red
However, I have found that when I import the transactions, I can not change the data so the above works. I enter M on line 18a (it's blank to begin with) and it turns pink I also enter 0 on line 18b. the error message I get is that 18a should not have a code for imported transactions. Line 12b - import code - has a 0. Deleting the 0 in 12b doesn't work (it worked in 2016)
TT this issue has existed since they IRS allowed covered transactions to be summarized and entered on 1 line. Why can't you fix this? All other tax software I have ever used allows this. Do you want your customers to switch to other software that's cheaper than yours.?