Get your taxes done using TurboTax
The Premium version of TurboTax Online is needed to report IRS form 1099-B information.
You may elect to report summary information from a PDF file of your IRS form 1099-B. Your brokerage statements should include a summary of your transactions, grouped by sales category, for example, Box A short-term covered or Box D long-term covered.
You will enter the summary info instead of each individual transaction. Follow these steps.
- Click on Federal down the left side of the screen.
- Click on Wages & Income down the left side of the screen.
- Scroll down to Investments and Savings and click the down arrow to the right.
- Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
- Click Add investments.
- At the screen Let's import your tax info, click Enter a different way.
- Click on Stock, Bonds, Mutual funds. Click Continue.
- At the screen Which bank or brokerage is on your 1099-B, enter the information. Click Continue.
- Do these sales include any employee stock, click No.
- Do you have more than three sales on your 1099-B, click Yes.
- Do these sales include any other types of investments, click No.
- Did you buy every investment listed on your 1099-B, click Yes. Click Continue.
- At the screen Now, choose how to enter your sales, select Sales section totals. Click Continue.
- At the screen Look for your sales on your 1099-B, click Continue.
- At the screen Now enter one sales total on this 1099-B, enter information. Click Continue.
- Repeat as necessary by clicking Add another sales total. Click Continue.
- At the screen Now we'll help you upload your 1099-B since the IRS requires a copy, select Browse.
- Download the 1099-B in PDF format from your provider.
- Upload successful, click Continue.
