KenH1
New Member

Retirement tax questions

Yes, you should report your 1099-B.

Brokerage statements will not always report the sales category, even if the information is available right on the 1099-B.

If you held the security less than one year, use code C (short-term, not reported)

If you held the security more than one year, use code F (long-term, not reported)

The IRS is receiving the 1099-B information from the broker, but is relying on you to report the correct category.


Input your 1099-B at:

Federal Taxes > Wages & Income > 

Scroll down to Investment Income, then click Show More

Select Start next to Stocks, Mutual Funds, Bonds, Other