Hello,
I have received a consolidated 1099 statement from JP Morgan for my brokerage account. In addition to a 1099-INT, and a 1099-DIV, this statement also includes a 1099-B form which lists a CD maturity event. This CD was purchased in 2023 and sold in 2024 and is listed as a Long Term Capital Gain (held over 1 year). The amount of capital gains reported in the 1099-B form is $0. The interest earned from this CD is properly reported in the 1099-INT form.
My question is why is this CD maturity event has been reported in the 1099-B form? No other CD is listed in the form even though there was another CD that also matured in 2024.
My 2nd question is: Do I still need to enter the 1099-B form into TurboTax even though the capital gains reported is $0?
Thank you!
