MinhT1
Expert Alumni

Deductions & credits

The consolidated form 1099 received from your broker may contain several parts, which should be clearly labeled on the form: 1099-INT, 1099-DIV and 1099-B.

 

Each part must be entered in the corresponding section of TurboTax:

 

You can enter your form 1099-INT and 1099-DIV by following these steps:

  • In TurboTax, open your tax return
  • Click on Federal in the left-hand column, then on Wages & Income on top of the screen
  • Scroll down to All Income, locate the section Interest and Dividends and click on Show more
  • Click Start next to Interest on 1099-INT.
  • For Dividends, click Start next to Dividends on 1099-DIV.

You can enter your form 1099-B by following these steps:

  1. In TurboTax, open your tax return
  2. Click on Federal in the left-hand column, then on Wages & Income on top of the screen
  3. Scroll down to All Income, locate the section Investment Income and click on Show more
  4. Click Start next to Stocks, Mutual Funds, Bonds, Other

 

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