1099B

[roger-vw]

My summary of 1099B says to review.

When I go to the individual sale entriesm the Sales SectionTitle has not entry on numerous entries.

Options are Short term reported , long term reported, short term not reported etc.

How do I determine what should go in that field so TT and IRS will accep[t my 1099bs?

[NicolleR1]

Having stocks that are flagged and need review it's because they might have missing information that either wasn't imported properly or aren't easily located within your documents. Some of these missing information could be: Cost basis, proceeds, date acquired, date sold or, description. With a copy of your Form 1099-B you can check one by one to make sure the information that was imported is correct. 

If you have more than 25 transactions that need to be reviewed, you might want to enter them as a sales summary instead of fixing them one by one. Below is a link on how to remove those transactions and instead input them as a whole summary
 

How do I fix multiple “Needs Review” transactions?

If you have less than 25 transactions and you want to manually fix it, the missing information is located in your 1099-B form that was issued from the brokerage or in the Summary of Proceeds, Gain & Loses, Adjustments and Withholdings. See image below for an example

** This is just an example. Your form might look different than the picture shown above. The marked area shows the term and type of transaction. If you cannot locate this information you will have to contact your financial institution for additional assistance.