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April 7, 2025
Question

How to report Exchange Delivered Out stock

  • April 7, 2025
  • 1 reply
  • 0 views

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:


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

    1 reply

    rvmsgAuthor
    April 8, 2025

    Any help will be greatly appreciated. Thanks.