MargaretL
Expert Alumni

Retirement tax questions

Both forms are actually entered in the same section. However, form 1099-B has its own entry, while form 1099-S entry depends on what sale it reports.

Form 1099-B data entry:

  1. Federal Taxes
  2. Wages & Income
  3. Scroll down to Investment Income
  4. Select Stocks, Mutual Funds, Bonds, Other - Answer YES to the 1099-B question and follow the prompts

Form 1099-S has similar entry, but you would have select the category  for the sale. 

  1. Federal Taxes
  2. Wages & Income
  3. Scroll down to Investment Income
  4. Select Stocks, Mutual Funds, Bonds, Other - Answer NO to the 1099-B question and follow the prompts; you would have to select the category for your sale... for example, 2nd home... everything else, etc.

Note: you will be asked to upgrade to Premier TurboTax.

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