1099B question

[roger-vw]

I imported my 1099B information from my investment comapny and the summary page of TT said review. I clicked on that and numerous 1099 entries dis not have anything in Sales Section title. Like, short term reported, or long term reported, or short term not reported, etc.

How am I supposed to determine what goes in this field so TT and IRS will accept my 1099 B

[NicolleR1]

Having stocks that are flagged and need review it's because they might have missing information that either wasn't imported properly or aren't easily located within your documents. Some of these missing information could be: Cost basis, proceeds, date acquired, date sold or, description. With a copy of your Form 1099-B you can check one by one to make sure the information that was imported is correct. 

If you have more than 25 transactions that need to be reviewed, you might want to enter them as a sales summary instead of fixing them one by one. Below is a link on how to remove those transactions and instead input them as a whole summary
 

How do I fix multiple “Needs Review” transactions?

If you have less than 25 transactions and you want to manually fix it, the missing information is located in your 1099-B form that was issued from the brokerage or in the Summary of Proceeds, Gain & Loses, Adjustments and Withholdings. See image below for an example

** This is just an example. Your form might look different than the picture shown above. The marked area shows the term and type of transaction. If you cannot locate this information you will have to contact your financial institution for additional assistance.