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Level 2

Question

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

Forum|Forum|1 year ago
March 6, 2025
1 reply
5 views

Level 15

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.

Mike9241

Randall2204Author

Level 2

Level 15

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.

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