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Get your taxes done using TurboTax
Yes, you need to fill in the empty fields either with zeroes, or the information from your records. This is true even when the fields are blank on your 1099-B.
You should go back and review the 1099-B section in TurboTax:
- Select Federal, then Wages & Income.
- Scroll down and look for Investments & Savings.
- Expand the section and find Stocks, Mutual Funds, Bonds, Other and click on Start or Update to the right.
- Click the down arrow to the right of your 1099-B and then click on Edit.
- On the screen Review your (name) sales, look for the incomplete transactions and click Edit, or the pencil icon, to the right.
- Fill in any missing information.
- If your blank field is a date, check your records for the correct date, or enter Various.
- If your blank field is the cost basis, check your records for the actual cost basis. You can enter 0 for cost basis, but that will make the entire proceeds amount taxable.
- Repeat with each transaction that is flagged Needs Review.
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‎April 19, 2023
7:03 AM