1067174
Greetings,
I have a Fidelity Tax Reporting Statement (one account) that has two separate sections labeled 1099-B*. These two sections relate to the same sale of stock (forced sale due to merger). The first 1099-B* 2019 Proceeds from Broker and Barter Exchange Transactions section is Long-term transactions for which basis is reported to the IRS --report on Form 8949 with Box D checked. The second 1099-B* section is Long-term transactions for which basis is not reported to the IRS --report on Form 8949 with Box E checked.
The only way I can see to do this in TurboTax is create two separate 1099-B entries: one with box D checked and one with box E checked. Is this the correct way to do this? TurboTax comes back and asks are you sure this is not a duplicate.
Thanks
You'll need to sign in or create an account to connect with an expert.
Check the Turbo Tax resource for help:
Where do I enter a 1099-B? - CommunityWhere do I enter a 1099-B? - Community
Sorry - that did not answer my question.
Yes! Just like you said, you need to create two separate entries for the transactions. One with box D checked indicating that the transaction has been reported to the IRS and the other with box E checked that this transaction was not reported to the IRS.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
davsemah
New Member
scschulte
Returning Member
vol2Smile
Level 1
rkoenigbauer
New Member
esgturbo18
New Member