It sounds like TurboTax isn't correctly importing the full gain from your 1099-B. Since each Treasury sale is showing a gain of "0," the software may not be recognizing the correct cost basis or sale price. Here’s what you can try:
- Manually review each Treasury sale: Check if the cost basis and sale price were imported correctly. If they weren’t, you may need to edit each transaction to reflect the correct gain.
- Delete and re-import the 1099-B: Some users have reported issues with TurboTax incorrectly importing brokerage data. You can try deleting the imported 1099-B and re-importing it.
- Manually enter the correct gain: If re-impofederally,ting doesn’t work, you may need to manually enter the Treasury transactions to ensure the total gain reflects $4,019 instead of $797.
Yes, US Treasuries are taxed federally but not the state.
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