Brokerage statements will not always report the sales category, even if the information is available right on the 1099-B.
If you held the security less than one year, use code C (short-term, not reported)
If you held the security more than one year, use code F (long-term, not reported)
The IRS is receiving the 1099-B information from the broker, but is relying on you to report the correct category.
Input your 1099-B at:
-
Federal
Taxes > Wages & Income >
-
Scroll down to Investment Income, then
click Show More
- Select Start next
to Stocks, Mutual Funds, Bonds, Other
