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Investors & landlords
Yes, I'm using the online version. I never have the option to answer whether I got a 1099-B or not. It dumps me straight into filling out a 1099-B. I am able to choose "Long-term no 1099-B" under the sales section and "This is a worthless security" on another screen afterward. When I try using the Other (land, second homes, personal items) investment sale option, it takes me to the exact same set of questions and still creates a 1099-B. No way around it. I did a search within TurboTax to find how to get to form 8949, and it says that you just enter your 1099-B and TurboTax will generate the 8949 and populate Schedule D automatically with no need to enter an 8949 directly. It appears that it is generating a 1099-B to serve both purposes since it does give me the option to say I didn't receive a 1099-B within it and also that it was a worthless security. My tax refund is accurate compared to my own calculations, so I'm going with it creating a 1099-B. Can't find any other way to do it. Thanks, Thomas, and all of you who responded, for being patient with me and helping to nudge me toward what I must assume is the proper way to handle it considering the confusion in how TurboTax is set up.