topic What sales section title do select? in Get your taxes done using TurboTax

What sales section title do select?

karenkailua — Sun, 23 Mar 2025 20:42:16 GMT

We have sold foreign stocks, both short and long term. I need to select a sales section title.

It's not Box A - basis reported to IRS (covered) -- it's a foreign brokerage which is not required to report to IRS

Both B and C are true.

Box B - basis not reported to IRS (noncovered) -- should we have reported it to IRS somehow when we bought it?

Box C - did not receive 1099-B form -- foreign brokerage does not issue 1099s

Should I select B or C?

Re: What sales section title do select?

karenkailua — Sun, 23 Mar 2025 20:52:24 GMT

Addendum: Since I don't get 1099s for any of our foreign investments, I do know how to report the interest, dividends, and sales "as if" I received a 1099. Not sure if that really counts as having received a 1099.

Re: What sales section title do select?

DaveF1006 — Mon, 24 Mar 2025 14:13:27 GMT

Yes, for tax reporting purposes, it counts as‌ receiving a 1099.