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Returning Member
posted Apr 11, 2025 4:13:53 PM

Need help on a closed security

E*Trade moved my SIVB (Silicon Valley Bank) stocks on 11/08/2024 with the description as "

Exchange Delivered Out". I purchased these stocks in March 2023. They didn't provide a 1099-B and told me that they don't provide it for closed-out securities. 

How do I enter this info using TurboTax Premier Desktop software?

I saw the following options when I randomly tried to enter the info and sure what is the correct answer:


1. Should I pick "Long-term basis not reported to IRS (not covered)" in the "Sales section"?

 

2. Can I use a description: "Worthless 10 shares of SIVB - Exchange Delivered Out"

 

3. Should I use Box 1c - Date sold as 11/08/2024? Or should it be 12/31/2024? Because when I checked the box of washsale on the next page, it replaced my 11/08/2024 with 12/31/2024

Thanks in advance

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