1099-B Section not working until Jan 4 2024 !

Forum|Forum|2 years ago
December 21, 2023
3 replies
0 views

For those who use TurboTax to plan stock sales, you can no longer do this as the section will not be available until January 4, 2024 ! At this point sales for the 2023 tax year can no longer be make. This is useless and should be a warning before you purchase the product.

1099

Anonymous_

Level 15

Thanks for posting your concern.

However, note that it is best not to enter the transactions prior to receiving 1099-B statements.

rjs

Level 15

The IRS just released Schedule D for 2023 today (Dec. 21). They still have not released the Schedule D instructions or Form 8949 and its instructions for 2023. Those forms are needed to report stock sales. When the forms aren't available from the IRS, there's not much that TurboTax can do.

If you are using the CD/Download TurboTax software you can enter stock sales in forms mode (with the understanding, of course, that the forms aren't final).

Brian94582

Level 3

I, too, am using it to calculate an optimum Roth conversion amount prior to Dec 31 2023, so not having Schedule D available is unacceptable, even if it is the IRS's fault.

You mention I can enter it on Sched D in forms mode. I'm in Sched D in forms mode but it's not letting me enter any data (for instance Part 1 Line 7). Please explain further how I can do this.

taxhard47

Level 3

You might try "QuickZoom to Schedule D Tax Worksheet" at the bottom of Schedule D form's page.

I found this same inability-to-enter issue on Schedule D Part II line 13 (Capital gain distributions). Is there a way to enter line 13?

taxhard47

Level 3

I am using TurboTax 2023 to help calculate a more precise 2023 Roth conversion amount (bracket filling) so this Schedule D delay is terribly disappointing.