Get your taxes done using TurboTax

In TurboTax Desktop Premier version, you may elect to report summary information.  If your brokerage statements 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 Taxes.
• Click on Wages & Income.
• Click on I'll choose what I work on.
• Under Investment Income, select Start / Update to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other.
• Click on Add More Sales.
• At the screen OK, let's start with one investment type, select Stocks, Bonds, Mutual Funds and click Continue.
• At the screen Let us enter your investment sale info, enter the broker information.  Click Continue.
• At the screen Which bank or brokerage is on your 1099-B, enter broker information.
• 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, enter the information taking care to report the correct Sales section title.  Click Continue.
• At the screen Review your sales section totals, select Add another sales total to continue entering more sales section totals.
• At the screen How do you plan on submitting your 1099-B to the IRS, you are instructed to mail a paper copy of the IRS form 1099-B to the IRS.