Do you have an Intuit account?
You'll need to sign in or create an account to connect with an expert.
if you had a long-term sale that was not reported to the IRS that does not mean it doesn't have to be reported for tax purposes. however, to give you a conclusion we need more information about the transaction. especially why you think that just because it wasn't reported to the IRS you don't have to report it on your tax return.
Was it on the 1099-B form ? Was it considered NON COVERED where the basis and/or purchase date was not available ? If so it does need to be reported and the missing information provided.
Still have questions?Make a post