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wimker
New Member

What are Sale of Assets and why does it show "PPL CORP COM"?

Within my state tax area, it shows two very strange "Sale of Assets".  One is "69351T106 PPL CORP COM 100" and the other is the same but 400 instead of 100.  Any idea what these are?  Never seen them before and Turbo Tax provides no explanation.
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2 Replies
Anonymous
Not applicable

What are Sale of Assets and why does it show "PPL CORP COM"?

these look like security sales.  they would also have been (or should have been if you in fact did sell)  reflected on form 8949.  the totals from these forms carry to schedule D.  if you did not enter the trades manually did you import your 1099-B from your broker?

wimker
New Member

What are Sale of Assets and why does it show "PPL CORP COM"?

Yeah, these are stocks.  I figured it out about 30 seconds after I posted my question.  Thanks for the reply, however!

 

The confusion arose because I had turbotax auto import my TD Ameritrade info.  So, I didn't type in the stocks manually and thus didn't remember what I had bought and sold.  To prevent this type of confusion in the future, it might be nice on the "Sale of Assets" page in Turbo Tax for there to be a label explaining the source of the sale being shown.  If turbo had told me "This is from your TD Ameritrade import" I would've made the connection instantly.

 

Thanks again.

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