1099-B long term stock sale listed as short term in error

[walshjohnv]

I have had XOM and FDX stock held hat Computershare for years untouched. Last year I transferred it to Schwab, then sold some of it.  The 1099-B from Schwab lists the sale (and subsequent gain) as short term even though the stock was held for at least 10 years. I understand that Schwab could have no idea how long I've held it, but it was truly a long term gain. How do I fix this?

[rjs]

When you enter the sale in TurboTax enter the correct acquisition date, even if there is an incorrect date on the 1099-B. After you enter the sale, the next screen will say "Let us know if any of these situations apply to this sale." Check the box that says "I need to correct the holding period reported on my 1099-B." TurboTax will tell you that it has been updated to long-term. That's all you have to do. The sale will be reported with adjustment code T on Form 8949, indicating that the holding period has been corrected.