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Level 1
posted Apr 12, 2020 9:40:23 AM

How can I get the "gross proceeds investment expenses" on my 1099 to recognized as expenses? They are currently listed as sales profits.

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1 Replies
Expert Alumni
Apr 12, 2020 12:32:43 PM

No, investment expenses should not be listed as gross proceeds. I suggest re-checking a PDF copy of Form 1099-B to verify the accuracy of the import.

 

For more details, see:

How do I import my 1099?

How do I update or delete something I imported into TurboTax?

Troubleshoot TurboTax for Windows updating issues

IRS Publication 550 Investment Income and Expenses page 35 How to Report Investment Interest Expense

@mark121281