Choose the IRS approved code for any applicable adjustment to the transaction from the drop list. See the Form 8949 Instructions for the list of adjustment codes. The IRS mandates specific adjustment codes for the reporting of capital gain/loss transactions. These adjustment codes are listed in the Form 8949 Instructions, along with information explaining the situation each code represents and how to properly report the adjustment amount in your return.

To enter an adjustment code for a transaction in TaxAct:

1. Add or Edit Form 1099-B. 
2. Scroll down to the Other Details section. 
3. Check the box I need to make an adjustment.
4. Enter the adjustment amount.
5. Select the code from the dropdown.
6. Click Continue.

Related Links

Form 1099-B - Enter Stock Transactions