Question

How do i know what sales section do choose if it is not clearly stated in the 1099-b Form?

Forum|Forum|4 years ago
March 1, 2022
1 reply
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I am not sure what term basis to report

TurboTax Premier Online

If you have stock sales that are not listed as short-term or long-term but as undetermined, you will need to use your historical documents to establish the date of purchase. If you don't have the exact date of purchase, you will have to determine the acquisition as accurately as you are able. The exact date is not as critical as long as you correctly determine whether each lot is short-term or long-term.

The sale category should be selected as: