The accrued market discount should have an entry space when entering your sale.
Open your TurboTax Online/Moblie return:
- Select Tax Home on the left panel > Select any Income category or Pick up where you left off
- Select Tax Tools > Tools > Select Topic Search > Type 1099b > Select GO (should be landed on 1099b)
- Select Add Investments if your 1099-B is not yet present in your list
- Continue to follow the prompts to enter the information yourself
Open your return in TurboTax Desktop:
- Select Personal Income > Scroll to Investment Income > Select Stocks Cryptocurrency, Mutual Funds, Bonds, Other
- Start or Update > Continue to follow the prompts to enter your 1099-B
The sale of any investment is required to be included with your tax return, gain or loss. Information from the link below may be helpful
If you are prompted to mail a Form 8453 with Form 8949 simply send this to the IRS, possibly with your 1099-B statement. This is a common request.
If you are e-filing your tax return, then mail your statements (1099-Bs or other document showing detailed sales information) along with Form 8453 to:
Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX 73344-0254
If you need a blank Form 8453, you can download this pdf, enter your address information and check the box for Form 8949 (this form is really just a cover sheet)
@PJT16939
[Edited: 02/22/2025 | 1:22 PM PST]
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