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Selling Stocks
I sold 4 stocks last year. When I tried to enter them into Turbo Tax , 3 worked but one did not. The cost basis did not subtract from the proceeds.
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Investing
If you have successfully entered three stocks, and you have trouble with the forth one we should first take a look at your entries, and if necessary, clear the transaction and start over.
The three boxes we should first look at are:
- 1b Proceeds
- 1e Cost or basis
- 1g Wash sale disallowed
If these three boxes are entered correctly that is a good start. Be aware that if you have an entry in box 1g - Wash sale, you will not get credit for a loss on that stock.
Now check and see if anything else has been entered. Many times there is not.
If all seems in order I suggest we clear this transaction and re-enter it.
If you have to delete an individual entry from your return you can go back to the input screen. On the right hand side there is a trash can. Select the trash can and confirm you want to delete that form.
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Investing
Didn't you receive a consolidated 1099 from your brokerage house? Normally, they do all that for you, and you can electronically import it all. 🙂