ThomasM125
Expert Alumni

Get your taxes done using TurboTax

You will receive a Form 1099-B reporting your investment sales. You enter investment sales in the Wages and Income section of TurboTax, then Investments Sales, then Stocks, cryptocurrency, Mutual Funds, Bonds, etc... You will see an option to upload your Form 1099-B or you can enter it in yourself. If you choose to enter it in yourself, you'll come to a screen where you can enter in your sales proceeds and cost basis:

 

 

Also, if your investment sales mention that the sales are "covered" meaning the cost basis has been reported to the IRS, you can just enter the summary of like- kind investment sales (short term or long term subtotals) rather than entering in each transaction.

 

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