JamesG1
Expert Alumni

Investors & landlords

If your situation is similar to @andrewmagee above, your long-term and short-term 1099-B entries do not match the 1099-B provided by your broker.  Am I correct?

 

You have a manually entered 1099-B entry which is reporting as short-term and you want to report it as long-term.

 

Are you able to select I need to correct the holding period at the screen Let us know if any of these situations apply to this sale?

 

Learn more to the right states:

 

If the 1099-B reports an incorrect holding period in box 2, this is where you should enter the corrected holding period. This might happen if you sold items that were recently inherited (sales of inherited items are always treated as long-term), or for less common reasons.

 

Edit the box Sales section from short-term to long-term.

 

You may be able to view the entries at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets after you have paid for the software.

 

@LeelaBell 

 

 

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