Get your taxes done using TurboTax

In TurboTax Desktop, I have been able enter IRS form 1099-B information grouped by sales category, for example, Box A short-term covered or Box D long-term covered. 

However, TurboTax Desktop requires the IRS form 1099-B be mailed to the IRS attached to an IRS form 8453.

TurboTax Online does permit IRS form 1099-B information to be grouped by sales category and uploads a .PDF of the IRS form 1099-B into TurboTax Online software.

Your brokerage statements should include a summary of your transactions, grouped by sales category, 

In TurboTax Desktop, you will enter the summary info.  Follow 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.
• Click to the right of Stocks, Mutual Funds, Bonds, Other.
• At the screen Let’s finish pulling in your investment income, select Add investments.
• At the screen Let Us Enter Your Bank and Brokerage Tax Documents, select Skip Import.
• At the screen OK, let’s start with one investment type, select Stocks, Bonds, Mutual Funds and select Continue.
• 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 Yes.
• 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 Sales section totals.  Select Continue.
• On the screen Look for your sales on your 1099-B, select Continue.
• At the screen Now, enter one sales total, enter the information.  Continue.
• Select Add another sales total as necessary.  Continue.
• You will mail a paper copy of the IRS form 1099-B to the IRS.

@Dee-25