Question

QBO is calculating $0 gain/loss for a 1099-B when there should be a small gain. Is this a glitch or is something wrong?

Forum|Forum|1 year ago
February 3, 2025
1 reply
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I've manually added the 1099-B information for 3 bonds (1 short-term and 2 long-term transactions). I've also entered the Accrued Market Discount amounts, which reflect a small gain. However, QBO is still calculating $0 gain for each and I can't figure out why

D

DianeW777

It depends. If you reported the interest as it was earned on the bonds, then it's likely the sales price and cost basis are the same. It would make sense to have a zero gain or loss. Any reported interest would be considered as part of your cost basis. Since you manually added the 1099-B, the results should be accurate and complete.

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