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Get your taxes done using TurboTax
Yes, I had 2 questions. The first question was regarding a transaction that needs to be reported but did not have a 1099-B. I understand that I can enter it via TT by indicating no 1099-B and enter the data manually. My question is whether I have to chase the broker for an updated 1099-B, which I believe you are saying no.
For the 2nd question on the ESPP, I have a 1099-B with the broker. It's just that the calculation is incorrect and I was worried that this will trigger questions if I didn't explain. But it sounds like TT also handles this by entering an explanation code in column (f). So I shouldn't worry about writing something in the return. I also reviewed TT response to the W-2 question and it was "NO".
For the 2nd question on the ESPP, I have a 1099-B with the broker. It's just that the calculation is incorrect and I was worried that this will trigger questions if I didn't explain. But it sounds like TT also handles this by entering an explanation code in column (f). So I shouldn't worry about writing something in the return. I also reviewed TT response to the W-2 question and it was "NO".
‎June 5, 2019
5:12 PM