1392068
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Capital Gain Wks (untitled): Pt III, In I, Description to be entered. I am doing my elderly mother's taxes and don't know what to enter. Can someone help?

Capital Gain Wks (untitled): Pt III, In I, Description to be entered
Pt III, In I, description (next to this is a box in which to enter the description).  
I have no idea what to enter.  Shouldn't  turbotax have imported all it needed when I signed into my mothers investment account  (her account is with a firm listed in turbotax as being one that it could import information from)?

I should note that turbotax did put some x's in boxes in parts 1 and 2 of this worksheet, but did NOT fill in "brokerage house" (part II, line 5c) or "description" part III, line 1.
I assume "brokerage house" is the company handling my mother's stocks and bonds.  But I am clueless as to what to put in the "description" box.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MarilynG1
Expert Alumni

Capital Gain Wks (untitled): Pt III, In I, Description to be entered. I am doing my elderly mother's taxes and don't know what to enter. Can someone help?

The 'Description' can be as general as 'Stocks' or as specific as '500 Shares AT&T'.

 

It would be much easier to enter the Financial Data, if you are looking at the actual form, such as a 10999-B or 10999-DIV, which may also have information and summary pages. 

 

You may want to switch back to Step-by-Step mode where there are More Info and Help screens to guide you.

 

Then TurboTax fills out the Worksheets for you as you go through the interview. 

 

Click this link for more info on How to Enter Form 1099-B

 

 

 

 

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question