I suggest you enter your 1099-B yourself. Instead of entering each transaction, enter by sales category totals:
I suggest you delete it and reenter using category totals instead of each tran...
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I suggest you enter your 1099-B yourself. Instead of entering each transaction, enter by sales category totals:
I suggest you delete it and reenter using category totals instead of each transaction. While working in your return:
In the wages & income section, Select "Investments and Savings...."
On the page "Did you have investment income in 2024?" Answer Yes, or
If you've already started the section, click on "Add Investments" at the bottom of the screen
On the page "Let's Import your tax info" click on "Enter a different way"
Select "Stocks, Bonds, Mutual Funds" on the page with "OK let's start with one investment type"
When asked "Which bank or brokerage is on our 1099-B?" enter the name of your or broker or mutual fund company, leave the other fields blank. Click Continue
Answer the next three or four questions
Answer Yes to "Did you buy every investment listed...." (unless you inherited or were gifted the funds)
Select "Sales Section Totals"
Locate your sales section totals on your 1099-B
Enter your Investment Sales Section Totals and repeat till you have entered for each category.
After entering all your sales section totals, Look for "Now we'll help you upload your 1099-B since the IRS requires a copy" and follow the instructions, or you can mail a paper copy of your 1099-B to the IRS. If you want to mail, click on "How do I mail my statement".
Take a moment to double-check that your statements are complete. For each sale listed, there should be:
- A Description
- Date Acquired
- Date Sold
- Sales Price
- Cost Basis
- Gain or loss for each sale
- A based on how the sale was reported to you and the IRS
In some uncommon cases, there will be an adjustment code and adjustment amount.
NOTE: Any sales summaries that include only Box A or Box D sales, and which have no adjustments to gain/loss, do not need to be included on a statement mailed to the IRS.
Here's how to mail your statements:
If you are e-filing your tax return, then mail your statements along with Form 8453 to:
Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX 73344-0254
