A consolidated form 1099 received from your brokerage firm is basically several forms rolled into one document:
- Form 1099-B - stock transactions
- Form 1099-DIV - dividends paid
- Form 1099-INT - interest paid
- Form 1099-OID - Original Issue Discount
- Form 1099-MISC- Reports other type of income (unusual)
To enter information from the 1099-DIV, 1099-INT, and 1099-OID sections:
- Click on Federal Taxes > Wages & Income. [In TT Home & Biz: Personal > Personal Income > I’ll choose what I work on.]
- Scroll down to the Interest and Dividends section and click on the Start/Revisit box next to appropriate category.
- Enter the information and continue through the rest of the interview.
To enter information from the 1099-B section:
- Click on Federal Taxes > Wages & Income. [In TT Home & Biz: Personal > Personal Income > I’ll choose what I work on.]
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Scroll down to the Investment Income section and click on the Start/Revisit box next to Stocks, Mutual Funds, Bonds, Other
To enter information from the 1099-R
search for 1099-R (upper- or lower-case, with or without the dash) in your TurboTax program and then click the "Jump to" link in the search results.
Then answer Yes, and click Continue and follow the on-screen instructions to either import or type in your 1099-R form.
