hello. I am amending my 2018 taxes via turbo tax software and cannot figure out what to select in the Sale Category dropdown field considering the data I see in my 1099-B. here are the values:
- 1a. [stock's company name]
- 1c. [some date in 2018]
- 1d. [the $ value]
- 2. Ordinary - No (short-term and long-term gain or loss are both blank)
- 3. No
- 5. Yes
- 6. Gross Proceeds
- 7. No
- 12. No
- FATCA filing requirement - No
- Applicable check box on Form 8949 - X
all other fields are blank!
the form also has a table containing most of the info from above, and the title for that table is the following (word-for-word):
Transactions for which basis is not reported to the IRS and for which Short or Long Term determination is unknown (to broker).
based on the facts that 2018 was the year when this transaction took place and was apparently not reported to the IRS by the broker, would I be correct to assume the value in Sale Category dropdown field should be Box C - Short term not reported ? or is it something else?
thank you!
