Because you are using TurboTax Home & Business, the navigation steps and screens relating to investment sales are different versus the TurboTax online version. Here are the steps to follow in TurboTax Home & Business.
- After opening the application, select the Personal tab.
- Then select the Personal Income tab.
- You will see two options. One option will "walk you through everything," the other option allows you to choose what section you want to complete. Select I'll choose what to work on.
- On the next screen, scroll down to the category Investment Income.
- Under Investment Income, select Stocks, Mutual Funds, Bonds, Other.
- On the next screen, Did you get a 1099-B or a brokerage statement for these sales? select No.
- On the screen, Tell us about this sale, you have the option to enter one sale at a time or to report a summary. You probably want to select entering the sales one at a time because the cost basis for these transactions may not have been reported to the IRS given that the brokerage was located offshore.
- Selecting I'll enter one sale at a time results in a drop-down menu where you can enter your trade information.
- Just continue through the application and when you are done, just repeat the process to enter additional sales.
@juham2013
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