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
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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.
For 25 bucks and a cost factor that small, I would put zero cost and move on to the next return.
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.
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