turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

lingman
New Member

I took some money out of a Fidelity Destiny plan and received a Form 1099-B. It shows 2 transactions, one for long-term reported to IRS and one for "Not reported to IRS.

Are both of these entered under Investment sales?
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
RichardG
New Member

I took some money out of a Fidelity Destiny plan and received a Form 1099-B. It shows 2 transactions, one for long-term reported to IRS and one for "Not reported to IRS.

Yes.  The "not reported" transaction usually means the broker did not report your basis in the investment to the IRS.  It's important in this situation for you to locate and report your basis in the investment on the 1099-B entry screen.

View solution in original post

1 Reply
RichardG
New Member

I took some money out of a Fidelity Destiny plan and received a Form 1099-B. It shows 2 transactions, one for long-term reported to IRS and one for "Not reported to IRS.

Yes.  The "not reported" transaction usually means the broker did not report your basis in the investment to the IRS.  It's important in this situation for you to locate and report your basis in the investment on the 1099-B entry screen.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies