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February 27, 2020
Question

1099-B form, nothing listed in box 2. which sales category do I enter in TurboTax?

  • February 27, 2020
  • 1 reply
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1 reply

February 27, 2020

Your 1099-B box 2 does not list:

  • Short term gain or loss,
  • Long Term gain or loss,
  • Ordinary income.

Choose from these categories:

  • Short-term means you held the investment for one year or less.
  • Long-term means you held the investment for longer than a year.

When you enter Date acquired (1b) and Date sold (1c) into the software, TurboTax will determine whether whether the transaction qualifies for short-term or long-term treatment.

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