3593563
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Form 8949 Box C entries for a fiduciary return?

I'm completing a Form 1041 return, but can't identify a route to creating a Box C entry in an associated Form 8949.  I have proceeds from a class action that should be classified as a short-term gain, but with no 1099-B entry.  Please advise.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
DianeW777
Expert Alumni

Form 8949 Box C entries for a fiduciary return?

Enter the class action amount as though you did receive a 1099-B, as investment income, to complete your return. Be sure to enter dates that would reflect short term holding period (less than one year. Enter zero as the selling price and the loss as the cost basis. Also you can label it as 'Class Action Settlement'.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question