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Get your taxes done using TurboTax
Report the sale of a capital asset on IRS Schedule D and IRS form 8949.
In TurboTax Online Premium, enter an investment by following these steps:
- Down the left side of the screen, click on Federal.
- Down the left side of the screen, click on Wages & Income.
- 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 No.
- 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 One by one. Click Continue.
- At the screen Look for your sales on your 1099-B, click Continue.
- At the screen Now enter one sale, enter information. Click Continue.
- Repeat as necessary by clicking Add another sale. Click Continue.
In TurboTax Desktop, enter an investment by following these steps:
- Select Federal Taxes across the top of the screen.
- Select Wages & Income across the top of the screen.
- Select I'll choose what I work on.
- Scroll down to Investment Income.
- Select Start / Update to the right of Stocks, Mutual Funds, Bonds, Other.
- At the screen Did you sell any investments in 2022, select Yes.
- At the screen OK, let's start with one investment type, select Stocks, Bonds, Mutual Funds and select Continue.
- At the screen Let us enter your investment sale info, select Skip Import.
- At the screen Which bank or brokerage sent you this form, enter the information. Continue.
- Do these sales include any employee stock, enter No.
- Do you have more than three sales, enter No.
- Do these sales include any other types of investments, enter No.
- Did you buy every investment listed, enter Yes. Continue.
- On the screen Now, choose how to enter your sales, select One by one. Select Continue.
- On the screen Look for your sales on your 1099-B, select Continue.
- At the screen Now, enter one sale, enter the information. Continue.
- Select Add another sale as necessary. Continue.
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March 27, 2024
11:42 AM