Dividends get reported using the interview "Dividends on 1099-DIV" but you can't report stock sales through "Basic". This product is essentially the "Free" version with a little live hand-holding and the free version just doesn't handle the reporting of security sales.
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Simple tax situations covered in TurboTax Free Edition:
- W-2 income
- Limited interest and dividend income reported on a 1099-INT or 1099-DIV
- Claiming the standard deduction
- Earned Income Tax Credit (EIC)
- Child tax credits
Situations not covered in TurboTax Free Edition include:
- Itemized deductions
- Business or 1099-MISC income
- Stock sales
- Rental property income
- Credits, deductions and income reported on schedules 1-6, such as the Student Loan Interest Deduction
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If you want to use an "online" product then you need to move up to "Premier" to get support for security sales.
Tom Young
