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Hello, Welcome to Just Answer.
was the transaction reflected on SCH-D when you intially inputted the amount on turbo tax?
Yes it shows in Schedule D
ok, did u indicate that is was a long term transaction ?
No Turbo Tax automatically filled it in as short term in the 8949 and it therefore shows up as short term on the Schedule D.
make sure that you enter in the dates of sale and acquisition of property
Let me check that and I will get back.
ok sounds good
let me know if that works for you. Thanks
The property was inherited in July, 2007, but the form 8949 from my other family members indicates the Date acquired as "inherited". Are you recommending that I put in the date my Mother in law passed away (7/20/2007) as a way to get it to auto fill in the Long Term section (Part II)?
yes, if you put the date aquired as inherited then it will never flow to the long term section. You will have to put the date of death as the acquisition date.
Okay, will do and get back to you
That seems to have solved the issue. Thank you, XXXXX XXXXX you can recover all the charitable exemptions I input this morning?
Im glad that worked..No im sorry, once its is not saved you will not be able to recover.
you will have to reenter the amounts again