Colmatt
Level 5
03-15-2021
04:12 PM
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1099-b has undetermined term transaction of $25 for non covered lot. Explanation on side says "Principal payment" " cost basis factor 0.000145393. Proceeds $25 Cost blank
How do I enter this?
Thanks
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IRonMaN
Level 15
03-15-2021
04:19 PM
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For 25 bucks and a cost factor that small, I would put zero cost and move on to the next return.
Slava Ukraini!
jeffmcpa2010
Level 11
03-15-2021
04:21 PM
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Were it me for $25 - I would just be conservative and put it as short term as it is not going to have a significant affect on the overall tax due.
I try to make sure not to do $50 of research for a $10 question, but that's just my nature.