Friends,
Never done this before and my brokerage statement is driving me crazy. Please treat me as Dummy and help me explain how I rad the statement for brokerage account. I have my 1099 B from J P Morgan bank they summaries the interest and dividend on page one page but for brokerage I am confused, I needed the summary not 100 sales to enter for gain/loss so brokerage shows on first page as:
Box A (basis report to IRS) Proceeds cost basis market discount wash sale loss disallowed realized gain/loss loss
Box A ordinary (report to IRS)
Box B ( reported to IRS)
Box B (not reported to IRS) for short term
And same info is repeated for long term
My question is where do I enter this in turbo tax deluxe I am not finding that page or screen and If I enter this on a separate paper form 8949 then how will it calculate my taxes, very confuse here.
on page 2 of statement: Covered short term Gains or losses on Gross proceeds (it show on statement to enter on form 8949 part 1 with box A checked). So do I not enter any info in turbotax and just fill the paper forms, then how my Tax will calculate? same confusion
For this 2nd page info I did find the screen to input data, as I search the 1099B then I choose I will type myself and enter data for box 1 d, box 1e and gain/loss amount (all summary)
So please guide me in detail how to do it right.
Thank you, thank you so much.
Casey
