It depends. This is reported on a 1099-MISC and the income will be treated as ordinary income, not capital gains. If you feel that this is reported incorrectly, you will need to contact the broker to correct. In the meantime, to report.
- Log in to Turbo Tax
- Go to federal>income and expenses>other common income>Form 1099-MISC>start or revisit
- Now you can record the 1099-MISC in your return.
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