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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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March 2, 2023
8:28 PM