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June 14, 2020
Question

Turbo tax stuck in endless loop fed.... "XXXX Basis Amount Reported (Positive Amounts Only) differs from your calculated basis, and your transaction contains both short..

  • June 14, 2020
  • 1 reply
  • 0 views
There is no way out of this bug. Regardless of what value I enter it keep coming back to this dialog...


Capital Gain Wks (Xsh. XXX): Basis Amount Reported (Positive Amounts Only) differs from your calculated basis, and your transaction contains both short-term and long-term components. To calculate an adjustment for corrected basis, please report the short-term component of this transaction separately from its long-term component.

1 reply

fanfare
Employee
June 15, 2020

" please report the short-term component of this transaction separately from its long-term component."

 

any amount you enter is going to give error until you follow the suggestion.

I don't even know how you can enter a transaction with LT and ST components, but somehow you did it.