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Schwab 1099-Composite
Good morning Community.
About 11 months ago I engaged this community about the Charles Schwab 1099-Composite and received tremendous support. In fact, the support I received allowed filing my 2020 brokerage account distributions (Dividends, Interest and Capital Gain distributions) very easy. Therefore I'd like to try again in preparation for filing my 2021 return in about 4 months.
Specifically, in the same Schwab brokerage account we sold some mutual funds in 2021. Of course they generated a Capital gain which will have to be reported. When I import the 2021 Schwab 1099-Composite I understand it will contain the necessary 1099-B information.
How does that "sell" information get entered into TT? In other words, when I tell TT that we "sold a mutual fund" what will happen? Obviously this is a first time for me so I'd appreciate the TT community lending thoughts and/or experience. Thank you.