3615743
Sold US treasury notes and on the 1099 B from Fidelity it shows a gain of $4,019 but it doesn't import that amount on Turbo Tax. It imports the gain as $797 (from stocks) because each Treasury I sold shows gain of "0". Should I be "editing" each treasury sold in order for it to come out to the $4,019 amount? Am I correct that US treasuries are taxed federally but not state?
You'll need to sign in or create an account to connect with an expert.
It sounds like TurboTax isn't correctly importing the full gain from your 1099-B. Since each Treasury sale is showing a gain of "0," the software may not be recognizing the correct cost basis or sale price. Here’s what you can try:
Yes, US Treasuries are taxed federally but not the state.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
SoftwareIssue
Returning Member
optca50
Level 3
chrisy7878
Level 2
spapad
Level 2
hero123
Level 2