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Any ideas how to skip 1099B ? I don't understand whether it's short term or long term

 
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2 Replies
DianeW777
Employee Tax Expert

Any ideas how to skip 1099B ? I don't understand whether it's short term or long term

If you have a Form 1099-B you must report it. The holding period is very important if you have a gain.  Below is provided the difference between long term and short term holdings that were sold or redeemed.

  1. Long term: held more than one year (one year plus one day)
  2. Short term: held one year or less

If you do not have a 1099-B in 2023 and you just want to delete the entry for this year follow the steps by using the link below.

 

  • If you're using TurboTax Online software and need to delete a form, click here.
  • If you're using TurboTax CD\Download software and need to delete a form, click here

Please update here if you need additional assistance or have more questions.

 

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Any ideas how to skip 1099B ? I don't understand whether it's short term or long term

The box category determines whether it is short term or long term.

Your 1099-B tells you which Box category to use.

 

@darylfoster62-gm 

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