So my mutual fund auto-sold a fraction of a share to cover their yearly $25 maintenance fee. which shows up as a $25 1099-B.
How do i report this in TurboTax?
it asks in a dropdown 'Sales Section':
*Long-term basis reported to IRS (covered)
*Long-term basis not reported to IRS (noncovered)
*Short-term basis reported to IRS (covered)
*Short-term basis not reported to IRS (noncovered)
*etc.
What should i put here?
Also for:
"How did you receive this investment?" I purchased it, inherited it?
What should i put here? I guess 10 years ago i bought shares of this mutual fund so i put 'I purchased it'?
Thanks!
posted
last updated
April 12, 2022
11:13 PM