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