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Retirement tax questions
Composite transactions are part of form 1099B.
Some brokerage companies issue a "Composite 1099 Form" that replaces multiple individual 1099 forms such as,
- 1099-B,
- 1099-INT, and
- 1099-DIV.
Sometimes, the individual sections of the composite forms do not include all of the information that is available on a standard 1099 form, such as the check boxes for short-term and long-term transactions on the standard 1099-B form. Instead, many of these composite forms simply group the different types of transactions so that you can readily tell which ones are short-term and long-term.
To enter the information on form 1099B in TurboTax, follow this link for instructions.
Here's a TurboTax article that discusses Form 1099-B: Proceeds from Broker Transactions.
To get to that section in TurboTax, search for 1099B and