Question

My form 8949 summary a Undetermined-term category, Turbotax's Capital asset worksheet only has long or short term. What should I properly reflect?

Forum|Forum|2 years ago
April 2, 2024
1 reply
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My 8949 has a category of undetermined, but Turbotax only has long or short term pull down options. I need clarification.

TurboTax Online

DawnC

The holding period and basis are unknown to the broker. You have to determine the date acquired and the basis from your own records. Then you report the sale as either short-term or long-term, depending on whether you owned it for one year or less (short-term) or more than a year (long-term). Help with finding cost basis

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