JulieS
Expert Alumni

Get your taxes done using TurboTax

Yes, you do have to report them. Fidelity has reported the sales to the IRS, just not the basis.

 

I don't know why the non-covered transactions are not imported into your tax return, but it is a simple matter to add them manually. 

  1. Select Federal from the left side menu.
  2. Select Wages and Income toward the top left.
  3. Scroll down/ expand the list and look for Investment Income.
  4. Click Start to the right of Stocks, Bonds, Mutual Funds, Other.
  5. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2021?
  6. If you land on Your investment sales summary, select Add more sales 
  7. On the Let's import your tax info screen, select I'll type it myself
  8. Continue and select Sales section totals when prompted to choose how to enter your sales
  9. You'll now be able to enter the total proceeds (sales) and cost basis, along with the sales category. Refer to your 1099-B for the amounts and category. When finished, select Continue
  10. You can add additional sales totals by selecting the Add another sales total on the Review your sales section totals screen.
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