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Josuah
New Member

Cannot remove adjustment code from Capital Gain (Loss) Adjustments Worksheetl that

After importing from my brokerage account, I have a bunch of "Capital Gain (Loss) Adjustment Worksheet" forms filled out and have run into a problem that I cannot fix.

 

1. Almost every form has a Part II Manual Adjustments adjustment code of "N" prefilled. I am unable to delete this field and leave it blank.

 

2. If the partner II code "N" is entered I am required to fill in an adjustment amount. For almost all of the forms, this is $0.00 and I have to manually go through and fill in $0.00 on every form one by one.

 

3. The Part II Manual Adjustments code "N" is also prefilled even when I needed to fill in Part III Specific Adjustments. But TurboTax reports an error that Part II should not have an adjustment code when I am filling in Part III.

 

4. The Part II Manual Adjustments code of "N" does not always match the Part I Values for Form 8949 adjustment code. This is a particular problem for wash sale. I cannot really get the correct calculation to occur because Part I Values for Form 8949 has adjustment code NW with non-zero values for the adjustment amount and the gain/loss, and then there is a further Part II Manual Adjustments code of "N" with another non-zero adjustment amount.

 

While I can go through and manually enter $0.00 for any worksheets that will work that way, I cannot do this to resolve the wash sale and Part III conflicts. In the current state, I am unable to finish and file my taxes.

1 Reply

Cannot remove adjustment code from Capital Gain (Loss) Adjustments Worksheetl that

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