GeorgeM777
Expert Alumni

Deductions & credits

To follow-up on the comments from @JohnB5677, what does the rest of your 1099-B reflect in terms of income?  For example, do you have any short-term gains or losses, or long-term gains or losses?  The short-term and long-term gains/losses will be listed in separate sections of your 1099-B. Dividends and interest will also have their own sections.  

 

If your 1099-B has neither gains nor losses, and no interest or dividends, then we are not sure why you received one.  While there is probably no harm in uploading the 1099-B into TurboTax, there is probably no point in filing forms such as Schedule D or Form 8949 with your return if there is nothing on those forms.   Although if there is nothing reported on Schedule D or Form 8949, such forms can always be deleted; therefore, if you remain unsure as to what income may be listed on your 1099-B, go ahead and upload it.  Then you can review the Investment Income section of TurboTax to see what has been entered.  

 

@Joni13

 

 

 

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