TurboTax will automatically generate Form 8949 when you report the sale or disposition of capital assets. For example, when you enter stock sales reported on Form 1099-B, TurboTax will generate the 8949.
For more information, including how to determine the cost basis of a stock, please see the FAQs below.
To enter Form 1099-B in TurboTax Online:
- Open (continue) your return in TurboTax Online. (If your return isn't open, you'll need to sign in and click Take me to my return.)
- Click the drop-down arrow next to Tax Tools (lower left of your screen).
- Select Tools.
- In the pop-up window, select Topic Search.
- In the I'm looking for: box, type 1099-b.
- In the results box, highlight 1099-b, then click GO.
- You'll land on Did you sell any investments in 2016? Click Yes.
- Follow the onscreen instructions. You'll be able to enter the 1099-B info yourself or import it if your brokerage participates in the TurboTax Partner program.
How do I find a stock's cost basis? https://ttlc.intuit.com/replies/3300454
What is Form 8949? https://ttlc.intuit.com/replies/3300671
What is a 1099-B?
https://ttlc.intuit.com/replies/3301629
Edited 01.31.2018 07:44PM PST
