There are two ways to do this. I provided a link just in case the step by step process below does not work. I've tested the links, but just in case:
1. Importing Form 8949 Into TurboTax
2. 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
