DESKTOP-
Federal
Wages & Income
Investment Income
Stocks, Cryptocurrency, Mutual Funds, Bonds. Other
Start or Update or “Add more sales”
Select “Stocks, Bonds, Mutual Funds (1099-B)”
Skip Import, Select I'll type it in myself and enter Bank or Brokerage and CONTINUE
Select No for Employee Stock
Select No (1-3) for More than three sales
Select Yes for “Other types of investments”
Select Yes for “Did you buy every investment?” and CONTINUE
Select One-by-one for “Now, choose how to enter your sales” and CONTINUE
For the Sales section drop-down choose “Short-term or Long-term did not receive 1099-B”
For Type of investment, Select Stock (non-employee)
Enter Description, Dates, Sale Proceeds, and Basis and CONTINUE
Select “This is a small business stock” for the “Let us know if any of these situations apply to this sale”, screen and CONTINUE
Select “I don’t want to make any changes to my cost basis right now” and CONTINUE
Select Qualified Small Business (section 1045) on the “What kind of small business stock did you sell?” Screen and CONTINUE
Enter zero for the cost of new qualified small business stock and CONTINUE
The next screen shows this as 1202 sales since no replacement was purchased.
ONLINE-
Federal
Wages & Income
Investments and Savings
Stocks, Cryptocurrency, Mutual Funds, Bonds. Other
Start or Update or “Add investments”
Select “Stocks, Bonds, Mutual Funds (1099-B)”
Skip Import, Select Enter a different way
Select Stocks, Bonds, Mutual Funds and CONTINUE
and enter Bank or Brokerage and CONTINUE
Select No for Employee Stock
Select No (1-3) for More than three sales
Select Yes for “Other types of investments”
Select Yes for “Did you buy every investment?” and CONTINUE
Select One-by-one for “Now, choose how to enter your sales” and CONTINUE
For the Sales section drop-down choose “Short-term or Long-term did not receive 1099-B”
For Type of investment, Select Stock (non-employee)
Enter Description, Dates, Sale Proceeds, and Basis and CONTINUE
Select “This is a small business stock” for the “Let us know if any of these situations apply to this sale”, screen and CONTINUE
Select “I don’t want to make any changes to my cost basis right now” and CONTINUE
Select Qualified Small Business stock eligible for the exclusion of gain (section 1202 on the “What kind of small business stock did you sell?” Screen and CONTINUE
Adjust the gain if needed
@wideglidejrp
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