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Get your taxes done using TurboTax
Check with the brokerage if you are uncertain as to exactly what the proceeds on your Form 1099-B represent. If any part represented interest, dividends, or proceeds from the sale of an investment, there could be taxable income involved.
If they are strictly a return of after-tax cash held by the firm, you could report the Form 1099-B and enter the same amount of the proceeds as your basis in the distribution.
See this TurboTax tips article for more information about proceeds from Forms 1099-B.
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‎January 30, 2024
5:53 PM