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New Member

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.

2 Replies
Expert Alumni

Selling Stocks

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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Level 3

Selling Stocks

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.  🙂

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