MayaD
Expert Alumni

Investors & landlords

To report it in TurboTax Online:

  1. Go to Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) in the Federal Income section.
  2. Select Add investments if you land on the summary page.
  3. Select Enter a different way
  4. Select Stocks, Bonds, Mutual Funds (1099-B)
  5. Enter Brokerage Info
  6. Select No for Employee Stock
  7. Select  No (1-3) for More than three sales
  8. Select Yes for Other types of investments
  9. Select Yes for Did you buy every investment? Then, One-by-one for How to enter
  10. Under Sales section title, select Long term did not receive 1099-B
  11. For Type of investment, select Stock (non-employee)

On the screen Let us know if any of these situations apply to this sale, select This was a small business stock

 

 

If you didn't buy other qualified stock, you may qualify to treat 50%, 75%, or 100% of the gain as tax-free under section 1202 if you held the stock longer than five years, depending on when the stock was acquired.

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