JamesG1
Expert Alumni

Get your taxes done using TurboTax

Are you saying that the cost basis for the 400 shares reported on the IRS form 1099-B was solely the shares purchased through your payroll?  Or was there an additional payment?  Please clarify.

 

If the cost basis for the 400 shares was only the payments made through your payroll, you may be able to determine the amount that you paid by viewing the final paystub at the end of each year.

 

The dates purchased were 'Various' and you may be reporting a short-term portion and a long-term portion.

 

  • Short-term gains or losses come from the sale of investments owned one year or less.
  • Long-term gains or losses come from the sale of investments held more than one year.

To enter the form manually In TurboTax Premium Online, follow these steps:

 

  1. Down the left side of the screen, click Federal.
  2. Down the left side of the screen, click Wages & Income.
  3. Click the down arrow to the right of Investments and Savings.
  4. Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
  5. Click Add investments.
  6. On the Let's import your tax info screen, select Enter a different way.
  7. On the OK, let's start with one investment type screen, select Stocks, Bonds, Mutual Funds, then Continue.
  8. At the screen Which bank or brokerage, enter the information.  Click Continue.

 

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