turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Sale date on 1099-b from broker is incorrect - reported as short term basis not reported to IRS should be long term how to I show this

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
DDollar
Expert Alumni

Sale date on 1099-b from broker is incorrect - reported as short term basis not reported to IRS should be long term how to I show this

You just need to adjust the cost basis for the transaction(s) in the program.  To do so,

  • Type "1099-B" in the search box. 
  • Click on "Jump to 1099-B"
  • Click "Edit" next to the 1099-B you need to edit
  • Click on "Edit" next to the transaction you need to edit
  • Adjust the sales price and change the Sale Category to "Box E - Long term non-covered"
  • Repeat if necessary for other transactions

View solution in original post

1 Reply
DDollar
Expert Alumni

Sale date on 1099-b from broker is incorrect - reported as short term basis not reported to IRS should be long term how to I show this

You just need to adjust the cost basis for the transaction(s) in the program.  To do so,

  • Type "1099-B" in the search box. 
  • Click on "Jump to 1099-B"
  • Click "Edit" next to the 1099-B you need to edit
  • Click on "Edit" next to the transaction you need to edit
  • Adjust the sales price and change the Sale Category to "Box E - Long term non-covered"
  • Repeat if necessary for other transactions

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question