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JacksonCat
Returning Member

TurboTax classifying Box F and C the same for 1099-B

I have a sale where I didn't receive 1099-B. I create an entry in TurboTax for sales not reported on 1099-B and enter the values. As soon as I feel in proceeds and cost basis, Turbo Tax Deluxe calculates amount owed based off my marginal rate. Selecting box C or F (long term/short term) doesn't change anything. Same with altering date acquired. I would expect the long term to use the long term rates, but I'm not seeing that behavior.

 

Any tips or am I misunderstanding this? 

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1 Best answer

Accepted Solutions
JacksonCat
Returning Member

TurboTax classifying Box F and C the same for 1099-B

Nevermind, mark this as resolved. I had losses in box D, and box F gains were offsetting the losses.

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1 Reply
JacksonCat
Returning Member

TurboTax classifying Box F and C the same for 1099-B

Nevermind, mark this as resolved. I had losses in box D, and box F gains were offsetting the losses.

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