Did the broker break all the individual transactions into long term and short term groups for you? Or did they category them into some sort of groups in the way that's convenient for you to sum them up between long term and short term? If they did, you can manually enter them under the long term and short term settings.
To enter them manually, here are the steps:
In TurboTax online,
- Sign into your account, select Pick up where you left off
- At the right upper corner, in the search box, type in 1099b and Enter
- Select Jump to 1099b
- Follow prompts
- On-screen, "Let's import your tax info, select I'll type it myself
- Follow prompts to continue
A Form 1099-B is issued to report the proceeds from your stocks and bonds transactions. The transactions will generate either a long term or short term capital gain or loss depends on how long the stocks are being held. The amount will be reported on line 7 of your Form 1040 along with a Schedule D and Form 8949.
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