topic Noncovered Security in Get your taxes done using TurboTax

Noncovered Security

bkevin1 — Sat, 01 Jun 2019 06:02:20 GMT

When TurboTax reviews my taxes it keeps coming up with this message:

Form 1099-B Worksheet (TD AMERITRADE CLEARING INC): Noncovered Security-1 applies only to a transaction reported on Form 1099-B. Do not enter for CAMBRIDGE CAPITAL HOLDINGS INC COM.

I bought this security when there wasn't a rule where brokers had to report buys to the IRS.

Is it okay that I keep this sell on worksheet 1099-B. If not, were do I enter this data?

Thanks

See if this FAQ supplies the answer: https://ttlc.intuit....

TomYoung — Sat, 01 Jun 2019 06:02:22 GMT

See if this FAQ supplies the answer:

https://ttlc.intuit.com/questions/3172544-form-1099-b-worksheet-holding-period-applies-only-to-a-tra...

Tom Young

Re: See if this FAQ supplies the answer: https://ttlc.intuit....

LauraNM813 — Sat, 16 May 2020 15:20:39 GMT

@TomYoung @bkevin1 The link to the FAQ has now moved and I can't find it. Do you know where it is or can you explain the answer here? Thank you!

Re: See if this FAQ supplies the answer: https://ttlc.intuit....

fanfare — Sat, 16 May 2020 15:33:50 GMT

make sure your non-covered security is in Sales Category Box E.

If you do not have a 1099-B, use Category Box F

Re: See if this FAQ supplies the answer: https://ttlc.intuit....

TomYoung — Sat, 16 May 2020 19:56:50 GMT

@LauraNM813

I don't remember exactly but I think that this

https://www.form8949.com/tto-bug-20190204.html

probably is accurate.