Charles Schwab has reported TCEHY Cash Dividend under 1099-B. There is no sale of stock. How do we report this? Appreciate your help.
UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS [Ordinary gains or losses are identified in the Additional information column] (Line 5)
Report on Form 8949, Part I with Box B checked or Part II with Box E checked. Basis is NOT provided to the IRS. (Line 12)
“Date acquired,” “Cost or other basis,” "Accrued market discount," "Wash sale loss disallowed" and “Gain or loss (-)” are NOT reported to the IRS
You'll need to sign in or create an account to connect with an expert.
same question. Anyone from turbotax can help? Thanks.
review your document from Schwab
you should find dividends in the 1099-DIV section of your consolidated 1099 statement
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
myamica03
New Member
mblatz01
Level 3
optca50
Level 3
CA_Tax_Payer
Level 3
bumjung
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.