If you do not report it, the IRS will be looking for the 1099B and will send you a tax bill for the proceeds and assume no basis, so you do want to report it.
THERE IS ALSO TURBOTAX FREEDOM EDITION not to be confused with
FREE edition.
To qualify for free 2017 federal and state tax returns in
Freedom Edition, you'll need to meet one of these requirements:
·
Your 2017 Adjusted Gross Income (AGI) is $33,000 or less
·
You qualify for the Earned Income Tax Credit (EITC)
·
In 2017, you served as active duty military (including
Reservists and National Guard) with a maximum AGI of $66,000, and you have a
military-issued W-2
Freedom Edition is available online at www.taxfreedom.com.
Please note that the Freedom Edition website is NOT connected to the
TurboTax.com website.
Also – don't confuse Freedom Edition with Free Edition at
TurboTax.com. These similarly-named products are completely different. To
switch to Freedom Edition FOLLOW THESE INSTRUCTIONS, read them carefully: https://ttlc.intuit.com/replies/3491786
**I don't work for TT. Just trying to help. All the best.
***Say "Thanks" by marking as BEST ANSWER and clicking the thumb icon in a post and that I solved your question
**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
