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Investors & landlords
OK, one other thing,
Do I change the transaction from IS NOT REPORTED to IRS To IS REPORTED TO IRS, since now I am reporting it....
Or does that reporting referecen apply to Fidelity, since they did NOT REPORT it because they did not know it.
The transaction came over as Basis NOT Reported and Term Unknown.
But I know both now
So in Turbo Tax Shall I change to LONG TERM and BASIS is reported to the IRS (since now I am reporting it)
I know this is simple, but I have not seen a clear answer on this. Thanks.
March 30, 2024
11:52 AM