Question

Are NJ Unclaimed Property 1099B taxable?

Forum|Forum|2 years ago
April 16, 2024
1 reply
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If so how to report it on my taxes?

TurboTax Online

Employee

@sacosta11 all 1099's are reportable income. What was your unclaimed funds related to? If a sale of stock, then next question is the year it was related to, did you include the income in your tax return?

You need to understand what year the 1099B was for, why you received it, what was sold, and report it as a sale with proper cost basis.

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