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slate581
New Member

Turbo Tax is asking for my total proceeds and my 1099-B from Betterment has two different numbers. One for a long term and one short term summary. Which number do I use?

I have over 500 transactions so I can't just import this unfortunately. I am trying to enter in the summary for each sales category.

This question applies to both the "Total Proceeds" and the "Total Cost Basis". I see that there is an option for category in turbo tax where I can designate short or long term but then I have no idea about whether it is covered, non-covered, or not reported. 

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1 Reply
MarilynG
Expert Alumni

Turbo Tax is asking for my total proceeds and my 1099-B from Betterment has two different numbers. One for a long term and one short term summary. Which number do I use?

You can make two entries; one for Long Term and one for Short Term, from the Summaries.

Here's more info (scroll down to 'Summary in Lieu ..'):

https://ttlc.intuit.com/replies/4926553

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