Every 1099-B entry imported from ETrade shows up incorrectly with Adjustment Code N

Forum|Forum|2 years ago
February 17, 2024
25 replies
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I imported my consolidated 1099 from ETrade, and every sale is incorrectly coming up with Adjustment Code N. "Smart Check" fails, because Adjustment Code N requires an adjustment amount, which, of course, there is none. It will neither let me remove the adjustment code-- it just sets it back when I clear the textfield-- nor will it let me set the adjustment value to 0, so I'm stuck. There are hundreds of lines in this 1099. Any suggestions?

TurboTax Home & Biz Windows

Show previous replies

joecan

There was TT page here where TT said they were working on a fix. I subscribed for updates. But now it's gone. Does that mean they stopped working in it?

Does anyone have an update?

roytoutant

Just got this email

Thank you for being patient while we investigate your issue.

We’re still working on a solution and we’ll send you an email once a fix is in place.

Thank you for being a TurboTax customer.

Sincerely,

TurboTax

...

mm720

I'm having the same problem. Flags errors, wrong code (N) that cant be changed or deleted and all adjustment amounts that are blank have to have 0.00 manually typed in. This is very annoying. After contacting Turbo Tax was advised to manually enter everything. BS, the only reason I pay for turbo tax is the seamless importing from etrade. Just wanted to add my issue here so hopefully they take this seriously and get it resolved soon.

josephbenedict

Employee

I hear ya, but this seems like a Morgan Stanley issue. All my other brokers import seamlessly into TT, including the pre-transition E*Trade. MS just fixed the broken US Treasury 1099-Int issue, thankfully.

eyeamerica

I found a fix that worked for me. Delete the errant N on the corresponding Cap Asset Sales form. Open the Forms list, and look for Cap Asset Sales below the Form 1099-B Wks in the forms list on the left.

crlaynestaxes

Same problem here. Although strangely out of 27 total transactions only 9 are reported wrong like this. The other 17 are fine. The 17 that are fine were all sales executed on or before 03/16/2023. The 9 reported wrong were sales executed on or after 11/14/2023. So somewhere between those two dates things at E-Trade appear to have gotten screwy. As another person stated, this problem belongs to both Etrade AND Intuit. Etrade for supplying incorrect data in their upload and Intuit for making it impossible to fix because the worksheet fields can't be corrected manually.

CatinaT1

The issue with 1099-B's incorrectly importing with adjustment code N has now been resolved. Please delete your imported 1099-B, update your TurboTax Desktop software (TurboTax Online will automatically update), and then re-import.

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smarren

Hi @CatinaT1 - I am still seeing the code Ns and error for using an adjustment on a disallowed wash sale with E*Trade.

Steps I took:

I deleted my 1099-Bs from E*Trade. I closed TurboTax. I reopened TurboTax. I hit check for updates. it didn't find any updates because it already updated before I deleted my1099-Bs. I reimported my 1099-Bs. I saved the file, got to the steps where it ran the checks, and the code N's are still there and it's still triggering the error.

gnft

Can someone confirm if this happens only on the desktop versions? I imported my 1099-B's using the web version and it seems ok? Any web users who can attest to this?