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February 17, 2024
Solved

1099-B Worksheet incorrect code N (nominee)

  • February 17, 2024
  • 4 replies
  • 0 views

TurboTax 2024 Premier 1099-B worksheet has an adjustment code N that's incorrect.

This results in a later error that no adjustment amount was entered.

The 1099-B is mine - I didn't receive it as a nominee for someone else.

Why is turbotax insisting on using code N? How is it determining this?

It won't let me delete the adjustment code N on the worksheet

    Best answer by TAS467

    Similar issue reported here:

    https://ttlc.intuit.com/community/taxes/discussion/i-have-errors-on-form-1099-b-worksheet-morgan-stanley-cap[product key removed]-worksheet/01/3197065#M1175680

     

    Morgan Stanley isn't open until Tuesday (Bank Holiday Monday). Plan to call them - it could be a software issue on their side downloading incorrect data. 

    4 replies

    February 18, 2024

    I have the same stupid error!! I am almost done with the taxes but blocked here.. 

    February 18, 2024

    DITTO - exact same problem!!!

    Cannot figure out how to fix this.

    Downloaded from Morgan Stanley

     

    Similar issue reported on reddit

    https://www.reddit.com/r/TurboTax/comments/1atbdjn/wash_sale_loss_disallowed_adjustment_code_not/

    workaround did not work for me

    TAS467Answer
    February 18, 2024

    Similar issue reported here:

    https://ttlc.intuit.com/community/taxes/discussion/i-have-errors-on-form-1099-b-worksheet-morgan-stanley-cap[product key removed]-worksheet/01/3197065#M1175680

     

    Morgan Stanley isn't open until Tuesday (Bank Holiday Monday). Plan to call them - it could be a software issue on their side downloading incorrect data. 

    February 20, 2024

    Rumor has it that Etrade has ack'd the problem and is working on a fix. Hopefully a communication to 1099 recipients will be forthcoming giving more information and announcing the timing of a fix.

    February 20, 2024

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    February 24, 2024

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