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I've recieved a 1099-DIV, INT, MISC, and B from DriveWealth LLC and all line entries are $0.00. Do I need to enter anything in TurboTax?
I received a Form 1099 Composite that had a page with 1099-DIV, -INT, -MISC, and -B with every line item as $0.00.
There's a second page showing "Summary Of Sale Proceeds" and that shows a Total Short-term, total Net Gain or Loss of -5.41. Total Long-term is $0.00 and Total Undetermined-term is $0.00.
There's a third page showing "short term transactions for covered tax lots, report on Form 8949, Part I with Box A checked" which does show 1 entry (for that -5.41). It also has infor for box 2, 5, 6, 12.
What would I need to enter in TurboTax? I started entering these as $0.00 everywhere but when I got to 1099-B, TurboTax wants me to upgrade to Premium. I'd hate to upgrade only to report $0.00 everywhere. Or am I wrong?
FYI, this is for my daughter's Greenlight application / account, which is under my name, and managed by DriveWealth. The app lets her track chores to earn an allowance and also start investing in stocks & ETFs.
There's a second page showing "Summary Of Sale Proceeds" and that shows a Total Short-term, total Net Gain or Loss of -5.41. Total Long-term is $0.00 and Total Undetermined-term is $0.00.
There's a third page showing "short term transactions for covered tax lots, report on Form 8949, Part I with Box A checked" which does show 1 entry (for that -5.41). It also has infor for box 2, 5, 6, 12.
What would I need to enter in TurboTax? I started entering these as $0.00 everywhere but when I got to 1099-B, TurboTax wants me to upgrade to Premium. I'd hate to upgrade only to report $0.00 everywhere. Or am I wrong?
FYI, this is for my daughter's Greenlight application / account, which is under my name, and managed by DriveWealth. The app lets her track chores to earn an allowance and also start investing in stocks & ETFs.
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‎February 21, 2024
12:25 PM