DavidD66
Expert Alumni

Get your taxes done using TurboTax

You can enter category totals instead of individual transactions.  To do so,

  • Click on Search
  • In the Search Window type 1099-B
  • Click on Jump to 1099-B
  • Click Add more sales (if the account you were trying to download is showing, delete it first)
  • Click on the box with Stocks, Bonds, Mutual Funds  and click on Enter
  • On the Let's import your tax info screen, click on I'll type it myself at the bottom right of the page
  • Enter your Broker, and click on Continue
  • On the page with "Tell us about your 1099-B sales for this brokerage account" answer the question about employee stock & the number of sales, etc.
  • click the button "Enter sales section totals" and click on Continue
  • Locate your sales section totals on your 1099-B
  • Enter your Investment Sales Section Totals and repeat till you have entered for each category.

You will need to mail a copy of your detailed statement to the IRS.  "How do I mail my statement".

 

Take a moment to double-check that your statements are complete. For each sale listed, there should be:

  •  - A Description
  •  - Date Acquired
  •  - Date Sold
  •  - Sales Price
  •  - Cost Basis
  •  - Gain or loss for each sale

 Here's how to mail your statements:

 If you are e-filing your tax return, then mail your statements along with Form 8453 to:

 

Internal Revenue Service

Attn: Shipping and Receiving, 0254

Receipt and Control Branch

Austin, TX 73344-0254

 

If you are not e-filing, then mail your statements with your entire tax return to your local IRS office.

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