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

[Randall2204]

[Mike9241]

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.

[Randall2204]

[DaveF1006]

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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