Question
1099B autoimport tax withheld entry needs check
I imported my 1099-B from TD ameritrade using the automatic import feature. It is capturing my "federal incometax withheld" information due to my sales as a zero gross proceeds transaction (figure 1 and 2 below). After the automatic import during smart check, it is advising me to fix error on these zero gross proceeds entries to provide (a) Category information -- short term or long term (figure 4) and (b) cost or adjusted basis information (figure 3). There are 100s of entries with zero value gross proceeds for the federal income tax withheld transactions. How should I fix these errors? For each of these entries
- Should I manually enter the (a) and (b) information above?
- What do I need to enter for these (a) and (b) ? say short-term and 0. If I choose short term for (a) during fix errors of smart check as in Figure 4, and go to "Edit" later, it has chosen "Box B - Short term non-covered" for these federal income tax withheld entries. Is this expected?
For your reference, I am pasting the screen shot of each of these details.
Figure 1:
Figure 2:
Figure 3
Figure 4
