topic Re: 1099-B has Form 8949, Code X** transaction in Get your taxes done using TurboTax

1099-B has Form 8949, Code X** transaction

Randall2204 — Thu, 06 Mar 2025 05:38:22 GMT

Re: 1099-B has Form 8949, Code X** transaction

Mike9241 — Thu, 06 Mar 2025 08:16:13 GMT

for the amount involved, your approach is reasonable.

if you received the CIL from a nontaxable transaction, like a stock divided, then the holding period would be the same as the original stock. if it was a taxable transaction short-term is probably correct because the holding period starts anew.

Re: 1099-B has Form 8949, Code X** transaction

Randall2204 — Fri, 07 Mar 2025 03:00:17 GMT

Re: 1099-B has Form 8949, Code X** transaction

DaveF1006 — Thu, 13 Mar 2025 22:25:33 GMT

Yes, you may feel confident that Turbo Tax will handle this correctly. If it doesn't, TurboTax does offer a lifetime guarantee if there are any mistakes with calculations or compliance issues.

topic Re: 1099-B has Form 8949, Code X** transaction in Get your taxes done using TurboTax

1099-B has Form 8949, Code X** transaction

Re: 1099-B has Form 8949, Code X** transaction

Re: 1099-B has Form 8949, Code X** transaction

Re: 1099-B has Form 8949, Code X** transaction

Tax Return Lifetime Guarantee