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This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual

Form 8949 adjustment codes (1040)

Column (f) reports the Form 8949 adjustment codes. For a complete list of column (f) requirements, see the “How To Complete Form 8949, Columns (f) and (g)” section of the Form 8949 instructions.
If you need to include multiple codes on Form 8949, use the available fields:
1099B Errors
 and
Adj Code
. You can report up to 7 codes per line, which UltraTax CS will print in alphabetical order without spaces or commas.
Do the following to enter Form 8949 adjustment codes:
  1. Go to the
    Income
     folder.
  2. Select the
    B&D
     or
    Broker
     screen. Only use the
    Broker
     screen if you're entering a consolidated broker statement.
  3. Select
    Schedule for detail
     statement on the
    B&D
     screen. Or, on the
    Broker
     screen, select
    Proceeds from broker transactions
     statement.
  4. Complete the data entry in the following table for the code you want on Form 8949.
Form 8949 adjustment code
Form 8949 column f adjustment code
Data entry
B
Enter
2
 in
1099B Errors
. For codes B and T, enter
3
.
T
Enter
1
 in
1099B Errors
. For codes B and T, enter
3
.
H
If needed, UltraTax CS will complete this field based on calculated Section 121 exclusions.
Q
Enter
V
,
X
,
Y
, or
Z
 in
Type
.
S
Enter
S
 in
Type
.
C
Enter
C
 in
Type
.
All other codes
Select the corresponding code in
Adj Code
.

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