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Return of Principal - REIT
I imported our 1099s from our investment accounts. Our 1099B shows a sale of a REIT which is not a sale, but a return of principal. It shows zero as the quantity sold and "Return of Principal" as additional information for the transactions. However, TurboTax views it as a sale and requires a cost basis. How can I enter this correctly so that it is not seen as a taxable event?
March 30, 2020
3:13 PM