ErnieS0
Expert Alumni

Retirement tax questions

Do not enter the 1099-MISC in the 1099-MISC second, otherwise TurboTax will add the Box 3 amount to income without any basis. You'll end up paying twice ono the same sale.

 

The IRS probably won't sent you any notice. Box 3 for a 1099-MISC can go in a lot of places and they should see the amount reported on Schedule D.

 

As for Needs Review, try filing. I was getting Needs Review and it went through Federal Review fine.

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