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🔍 What are the codes for Form 8949 - Columns f and g using SureFire?

Use the codes below to enter the correct information for Form 8949, specifically Columns (f) and (g), when preparing your return in SureFire.

📝 Note

To enter a negative number in SureFire, enter a minus sign or hyphen (-) before entering the amount.

Step 1: Use Code B (Column f) for incorrect basis shown on Form 1099-B

IF... THEN enter this code in column (F) AND...

You received a Form 1099-B (or substitute statement) and the basis shown in box 1e is incorrect...

B

• If box B is checked at the top of Part I or if box E is checked at the top of Part II, enter the correct basis in column (e), and enter -0- in column (g).
• If box A is checked at the top of Part I or if box D is checked at the top of Part II, enter the basis shown on Form 1099-B (or substitute statement) in column (e), even though that basis is incorrect. Correct the error by entering an adjustment in column (g).

Step 2: Use Code T (Column f) for incorrect type of gain or loss shown on Form 1099-B

IF... THEN enter this code in column (F) AND...

You received a Form 1099-B (or substitute statement) and the type of gain or loss (short term or long term) shown in box 2 is incorrect...

T

• Enter -0- in column (g). Report the gain or loss on the correct Part of Form 8949.

Step 3: Use Code N (Column f) when you are a nominee

IF... THEN enter this code in column (F) AND...

You received a Form 1099-B or 1099-S (or substitute statement) as a nominee for the actual owner of the property...

N

• Report the transaction on Form 8949 as you would if you were the actual owner, but also enter any resulting gain as a negative adjustment (in parentheses) in column (g) or any resulting loss as a positive adjustment in column (g).
• As a result of this adjustment, the amount in column (h) should be zero.
• However, if you received capital gain distributions as a nominee, report them instead as described under Capital Gain Distributions in the Instructions for Schedule D (Form 1040).

Step 4: Use Code H (Column f) for sale of your main home with exclusion

IF... THEN enter this code in column (F) AND...

You sold or exchanged your main home at a gain, must report the sale or exchange on Part II of Form 8949 (as explained in Sale of Your Home in the Instructions for Schedule D (Form 1040)), and can exclude some or all of the gain

H

• Report the sale or exchange on Form 8949 as you would if you were not taking the exclusion.
• Then enter the amount of excluded (nontaxable) gain as a negative number (in parentheses) in column (g).
• See the example in the instructions for column (g).

Step 5: Use Code D (Column f) for accrued market discount in box 1g

IF... THEN enter this code in column (F) AND...

You received a Form 1099-B showing accrued market discount in box 1g

D

• If you received a partial payment of principal on a bond, do not use the worksheet. Instead, enter the smaller of the accrued market discount or your proceeds in column (g). Also report it as interest on your tax return.
• If you chose to include market discount in income currently, enter -0- in column (g). Before figuring your gain or loss, increase your basis in the bond by the market discount you have included in

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