@Dmitry wrote:
Thank you for your reply.
I only use the desktop CD-edition of the TurboTax. Last year, TurboTax Delux didn't allow me to enter the 1099-B form. And I had to buy the Premium edition. Perhaps they have changed this but I want to be sure if this year, 2020, I need to buy Premium or Delux.
The 2019 TurboTax Deluxe desktop edition did support investment sales from a 1099-B. The procedure to enter the 1099-B in the 2019 software is exactly the same as for the 2020 software.
To enter an investment sale from a brokerage account (1099-B), follow the steps below.
- Click on Federal Taxes (Personal using Home and Business)
- Click on Wages and Income (Personal Income using Home and Business)
- Click on I'll choose what I work on (if shown)
- Under Investment Income
- On Stocks, Mutual Funds, Bonds, Other, click the start or update button
Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales
