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horseman501
New Member

Turbotax downloaded my TD Ameritrade form 1099 but still ask me to correct some about my stock investment sales that I am not able to answer, cannot file tax.

There is "Undetermined term transactions for noncovered tax lots" in the TD Ameritrade1099. The system ask me to choose Long or Short term. I cannot move forward
2 Replies
Critter-3
Level 15

Turbotax downloaded my TD Ameritrade form 1099 but still ask me to correct some about my stock investment sales that I am not able to answer, cannot file tax.

If the broker did not provide the required information on the 1099-B form then it is your responsibily to provide it from your records.  You must have purchased the stock you sold at some time form some amount.   If you do not know the information then your basis is zero and if you owned the stock for more than a year the sale is long term.  

Mike9241
Level 15

Turbotax downloaded my TD Ameritrade form 1099 but still ask me to correct some about my stock investment sales that I am not able to answer, cannot file tax.

why aren't you able to answer?   contact TD to see if they can provide additional info otherwise select one because we would have no way of knowing which is correct. 

 

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