If you upload your 1099 Composite from your financial institution all the stock transactions are typically entered for you.
You can securely import your 1099-B, 1099-DIV, 1099-INT, 1099-OID, or 1099-R into TurboTax, provided your broker or financial institution participates in our TurboTax Partner program.
When you get to the place in TurboTax where we ask if you received that form, answer Yes and we'll give you the option to import.
You can also jump straight to the section for your specific 1099 form. Here's how:
- Sign in to TurboTax and open or continue your return.
- Search for 1099-B and select the Jump to link in the search results.
- Follow the screens and you’ll be able to import your form.
If you have an issue uploading then you can just enter the summary statements-
You can enter totals on your 8949, then mail a copy of your statements within 3 days of filing.
To enter a stock sale in Turbo Tax:
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Go to Income.
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Select I'll choose what I work on.
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Go down to Investment Income.
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Click Start or Update by Stocks, Mutual Funds, Bonds, Other.
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Select the broker and choose I'll type it in myself.
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On the Tell us about...screen, select I'll enter a summary for each sales category.
You won't have to put the dates of each sale.
Address them to (with Form 8453 as a cover sheet):
Internal Revenue Service
Attn: Shipping and Receiving 0254
Receipt and Control Branch
Austin, TX 73344-0254
If you're paper filing a 1040, find your state here.
Tip: Be sure to select the right financial institution or brokerage from the list. For example, several participating partners' names start with First National Bank and if you select the wrong First National Bank, you won't be able to import.
-follow this link for more information-
What is Form 1099-B: Proceeds from Broker ... - TurboTax
