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Get your taxes done using TurboTax
Thank you @MonikaK1 for your response!
I did not sell the CD in 2024. It simply matured by itself on the CD maturity date. This is the first time I have seen a CD maturity is reported on a1099-B form. Also as I mentioned, the capital gains reported on the 1099-B form is zero because the purchase and sale prices of the CD were equal.
I guess what you are saying is to go ahead and enter this 1099-B data into TurboTax just like a real 1099-B transaction where there is an actual capital gain or loss. Am I understanding this correctly?
Do you know under what circumstances a CD maturity is reported in 1099-B (in addition to 1099-INT)?
Thanks!
‎February 22, 2025
3:53 PM