The area where the Form 1099B is entered requires certain information to be filled in. These instructions should eliminate the error. When you enter investment sales or exchanges in TurboTax, we'll automatically fill out Form 8949 and transfer the info to Schedule D. You don't need to fill out the 8949 yourself.
- Open (continue) your return if it's not already open.
- In TurboTax, search for "1099-B" or "1099B" (lower-case also works) and then select the "Jump to" link in the search results.
- Answer Yes to Did you sell any investments in 2017?
- If you see Here's the investment sales info we have so far, select Add More Sales.
- If you're in Free Edition or Online Deluxe, follow the instructions to upgrade to Premier.
- Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
- At Choose your bank or brokerage or Let Us Enter Your Investment Sale Info, choose how you want to enter your 1099-B (import or type it in yourself).
- Follow the onscreen instructions.
- Enter the date of sale
- Acquisition date can be various
- Enter a description of the stock
- Cost basis can be zero
