ThomasM125
Expert Alumni

Investors & landlords

You may have to choose the Other (land, second homes, personal items) investment sale option if using TurboTax online to enter your investment sale if you don't have a form 1099-B, I think that is what is causing confusion here. You will be given an option to indicate that you sold stock and you can then enter a capital loss. The following only applies if you are usind the desktop version of TurboTax:

 

When I go to enter an investment sale in TurboTax I see a screen that says Did you get a 1099-B or a brokerage for these sales? and when I answer "No" I don't see a reference to a form 1099-B being created. 

 

 

Here are the steps I took:

 

  1. Choose the Federal option on your left menu bar
  2. Choose Wages & Income
  3. Choose the Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) option
  4. Choose Add investments
  5. Choose the Stocks, Bonds, Mutual Funds option and follow the instructions

After step 5 I see the question regarding having a form 1099-B or not.

@idjit 

{Edited 3/29/23 at 1:45 PM PST}

 

 

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