Instead, TurboTax Deluxe 2024 put it on Schedule B part 1 as interest. These are in fact capital gains. My very large brokerage firm says it must be reported on form 8949 part 1 with Box A checked. I'm not even sure filing with it reported on Sch. B (with corresponding negative entries on 8949) is legal!!! Regardless, because I have a huge capital loss carryover, I want to report it properly and as my broker informs so that I can use up some of my capital loss carryover.
How do IB do this? FYI, I auto-imported form 1099 composite twice but this still won't go away. I've tried using whatever method I could find to step through in TT to fix it, but I'm getting nowhere.
Sure hope someone can help!
THANKS!
