I understand 1099-B forms (proceeds from sale of stock), for many firms, are often not deliverable till mid-February. Also, I understand, if proceeds are less than $10 dollars, a 1099-B form may sometimes not be generated.
I liquidated my position in Nokia. Please don't laugh - I had one share that was sold for a gross amount of $3.95 and it represented a loss of a few dollars. I would like to manually enter this sale to TurboTax and am not sure what name to use for "bank or brokerage". I access this account via Computershare and understand that Computershare is not a brokerage, but a transfer agent. Is it permissible and allowable to use the name of "Nokia" in the field for name of bank or brokerage?
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It doesn't matter what you enter for "bank or brokerage." It doesn't go on your tax return. TurboTax just uses it internally to keep track of groups of transactions. As a reminder to yourself you could enter "Computershare."
It doesn't matter what you enter for "bank or brokerage." It doesn't go on your tax return. TurboTax just uses it internally to keep track of groups of transactions. As a reminder to yourself you could enter "Computershare."
Thank you, much appreciated.
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