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Help on reporting non-covered securities in TurboTax
I got 1099 from Robinhood which had the below classification for "Proceeds not reported to the IRS"
When i imported this in Turbotax, i kept getting an error to review to check this entry. It shows the below errors to be reviewed :-
- Form 1099-B Worksheet (Robinhood Securities LLC): Noncovered Security applies only to a transaction reported on Form 1099-B. Do not enter for 26140E501 DPW HOLDINGS, INC. 0.
- Form 1099-B Worksheet (Robinhood Securities LLC): Cost/Basis Not Reported applies only to a transaction reported on Form 1099-B. Do not enter for 26140E501 DPW HOLDINGS, INC. 0.
- Form 1099-B Worksheet (Robinhood Securities LLC): Holding Period applies only to a transaction reported on Form 1099-B. Do not enter for 26140E501 DPW HOLDINGS, INC. 0.
I am not really sure what needs to be done here. Can i get some help on this?
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March 18, 2020
8:45 AM