Does Turbotax 2020 Delux has 1099-B form?

Forum|Forum|5 years ago
December 22, 2020
5 replies
21 views

Last year (2019), I could not enter 1099-B form into the Delux edition.

Do you know if this year, 2020, the Delux allows entering 1099-B form?

DoninGA

Level 15

The TurboTax Deluxe online edition does not support investments reported on a Form 1099-B. The Premier online edition must be used - https://turbotax.intuit.com/personal-taxes/online/

The TurboTax Deluxe desktop CD/Download edition which has to be installed on a personal computer does support entry of an investment sale reported on a Form 1099-B. As do all of the desktop editions. All of the desktop editions include the same forms, schedules and worksheets - https://turbotax.intuit.com/personal-taxes/cd-download/

Dmitry 12Author

Level 4

Thank you for your reply.

I only use the desktop CD-edition of the TurboTax. Last year, TurboTax Delux didn't allow me to enter the 1099-B form. And I had to buy the Premium edition. Perhaps they have changed this but I want to be sure if this year, 2020, I need to buy Premium or Delux.

DoninGA

Level 15

@Dmitry 12 wrote:

Thank you for your reply.

I only use the desktop CD-edition of the TurboTax. Last year, TurboTax Delux didn't allow me to enter the 1099-B form. And I had to buy the Premium edition. Perhaps they have changed this but I want to be sure if this year, 2020, I need to buy Premium or Delux.

The 2019 TurboTax Deluxe desktop edition did support investment sales from a 1099-B. The procedure to enter the 1099-B in the 2019 software is exactly the same as for the 2020 software.

To enter an investment sale from a brokerage account (1099-B), follow the steps below.