If there is a basis for that transaction, try to edit that entry and uncheck the box cost basis not reported and then enter the cost basis.
- If using Turbo Tax online go to:
- Federal>wages and income>investment income>
- Go to stocks Bonds and other and select edit next to Robinhood.
- Try to find that particular transaction and enter a cost basis in Box 1E that is listed on your pdf and
- Right below that is a drop-down box if it is long term indicate it is long-term covered
- if short term, then it is short term covered.
- Long term and short term are defined by the holding period of the security. If held on more than 1 year, it is long term. Held on shorter than one year, short term.
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