These future contract entries are not part of an options straddle or any election taken to offset past gains. When prompted to enter my 1099-B information under "Your Section 1256 Contracts Marked to Market," I entered my broker and Line 11 gain/loss. These are the only entries I'm prompted to enter. I enter my loss as a…
I have a 1099-B from brokerage, for "Proceeds from Broker & Barter Exchanges Transactions" with only two boxes with any data: Box 8 Profit/(loss) Relaized on Futures Contracts in USD for 2023… $(****) Box 11 Aggregate Profit of (Loss) from lines 8, 9, and 10 …. ($****) Both Box 8 and 11 are the same amount (loss). No other…
Hi I have a consolidated 1099 due to the sale of some Restricted Stock Units (RSU) through employer plan The page 1 summary says IRS 2025 FORM 1099 DIV — DIVIDENDS AND DISTRIBUTIONS …1a…1b…2a…2b…2c…2d…3…4…5…6…7…8…9…10… IRS 2025 FORM 1099-B—PROCEEDS FROM BROKER AND BARTER EXCHANGE TRANSACTIONS … 1e. COST OR OTHER BASIS OF…
I have a 9 digit input for proceeds and cost basis for my 1099-B, but the online site has an 8 digit limit. Any idea how to work around this?
I have been guesstimating my 2025 taxes. (I know the software will be updated) I came across the 1099-B section. I noticed that there is a 1099-B Beta import of Consolidated 1099. If and when the time comes to test this Beta will it override what I have entered? If not, is there an easy way to remove or start over so that…
Hi, I need help confirming whether I entered the correct cost basis for RSU and ESPP sales reported on my Fidelity 1099-B. Situation: On my 1099-B from Fidelity, I had two types of stock sales: Section 1: Long-term transactions reported to IRS (Box D checked) Two equities were sold: Equity X: Cost basis in 1099-B matched…
I acquired a stock I sold in 2023 at various dates and on line 1b for Date acquired all schwab says is VARIOUS. I cant input that on FreeTax. Any advice?
I have a market discount adjustment of $4620 (US Treasury note redemption) on my 1099-B that should show up as interest on Schedule B. When I entered my 1099-B information one transaction at a time, it showed up as $4620 as expected. However, when I used the summary method, it showed up as $3346. That also happened to be…
It seems FreeTaxUSA has a BUG when entering two 1099-B from two banks, which both contain adjustment, such as "F. accrued market discount". 1) Enter the first 1099-B with adjustment F. In Preview - Schedule D / 8949, 1b and 8b are filled correctly. 2) Then, enter the second 1099-B, which also contain adjustment F. The…
I have a modest money market acct. with C. Schwab which has small gains and it is reported to me via a lengthy "1099 COMPOSITE" document. Q: Should any realized gains be reported to the IRS via Form 1099-B and on Form 8949 or just the latter?
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