ReneV4
Employee Tax Expert

Get your taxes done using TurboTax

The reason those sections are locked is that, when using the step-by-step interview, your answers will determine how the sections are handled.

 

Because Boxes C and F mean that a transaction was not reported to the IRS on a Form 1099-B, the section assumes there are no items to report.

 

To get Box C or Box F to trigger, you have to tell TurboTax that you did not receive a Form 1099-B for these specific items by creating a new entry for them:

 

  1. Navigate to Wages & Income, Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
  2. Rather than editing your imported Schwab 1099-B, click Add investments.
  3. When asked how you want to add your info, do not select Schwab or upload a file, select "Type it in myself"
  4. When TurboTax asks, "Did you get a 1099-B for this sale?", select No
  5. Select "Stocks" (or whatever Schwab indicated)
  6. Enter the sale info and ensure the holding period is one year or less Short-Term (Box C)
  7. Enter the sale info and ensure the holding period is more than one year Long-Term (Box F)
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