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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:
- 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 Investment Income and click on Show more
- Click Start next to Stocks, Mutual Funds, Bonds, Other
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‎February 24, 2020
1:43 PM