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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:
- Choose the Federal option on your left menu bar
- Choose Wages & Income
- Choose the Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) option
- Choose Add investments
- 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.
{Edited 3/29/23 at 1:45 PM PST}
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March 29, 2023
1:26 PM