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Get your taxes done using TurboTax
Yes, you can get through the section without a 1099-B that reports the sale but I recommend that you contact Carta.com and see if a 1099-B has been issued is available because it will make the process much easier and you need to ensure that the information you are entering matches the 1099-B that was reported to IRS.
To get to the correct section in TurboTax, you will need to say that you DID receive a 1099-B.
Follow these steps:
1. With your return open, choose Federal and then Income & Epenses
2. Click Edit/Add next to the Stocks, Mutual Funds, Bonds, Other section
3. Answer YES to the question "Did you sell stocks, mutual funds, bonds, or other investments in 2019?"
4. Check YES and continue on the screen that asks if you "Did or Will receive a 1099B...."
5. Enter "Carta.com" as your Financial Institution and choose "I'll type it in Myself""
6. Enter Carta.com on the next screen for your bank or brokerage name and choose Continue.
7. Choose YES on the next screen when asked "Do these sales include any Employee Stock?" and answer correctly for how many sales you will be entering where you are asked How Many sales are on your 1099B and choose Continue
8. Follow the on-screen prompts the rest of the way through the process and enter proceeds, costs basis, etc. as you have calculated, and continue to enter the sales, one at a time.
If you need to adjust the cost basis from what is reported on a 1099B, please see this Help Article: Adjusting Basis on my NQSO.
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