You can leave the 1099-B off of your return since the cost and selling price should equal. Keep it with your tax files should you need it later and keep notes about the cost basis which is your original discounted purchase and the interest income reported each year (equals the redemption price).
Due to the amount and type of transaction, it's not likely the IRS will question it later.
If you want to manually enter it, then you can follow the steps below. Do Not Import.
- Open or continue your return.
- Navigate to the 1099-B section:
- TurboTax Online/Mobile: Go to 1099-B.
- TurboTax Desktop: Search for 1099-B and select the Jump to link.
- Follow the onscreen instructions. When you reach Let's import your tax info, choose how you want to enter your 1099-B:
- If you want to enter your 1099-B manually, select Enter a different way, then select your investment type on the next screen.
- On the following screens, answer the questions about your 1099-B. When you reach the Review your sales screen, the form you just entered should be listed.
@feiwenw
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