How do I enter a 1099-B Proceeds from Broker and Barter Exchange Transaction

[rhanmerp]

from Wells Fargo.

[Coleen3]

Form 1099-B (Proceeds from Broker and Barter Exchange Transactions) reports the sale of stocks, bonds, mutual funds, and other securities.

Here's where you enter or import your 1099-B in TurboTax:

1. Open (continue) your return if it's not already open.
2. In TurboTax, search for "1099-B" or "1099B" (lower-case also works) and then select the "Jump to" link in the search results.
3. Answer Yes to Did you sell any investments in 2018? 

• If you see Here's the investment sales info we have so far, select Add More Sales.
• If you're in Free Edition or Online Deluxe, follow the instructions to upgrade to Premier.

1. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
2. At Choose your bank or brokerage or Let Us Enter Your Investment Sale Info, choose how you want to enter your 1099-B (import or type it in yourself).
3. Follow the onscreen instructions.

[hmolitor754]

hoe do I input info from broker 1099 b

[VolvoGirl]

You can enter a 1099B manually or try to import it.  If you import it be sure to check it over close and make sure the cost basis got imported and is right.  How to import your 1099

https://ttlc.intuit.com/community/entering-importing/help/how-do-i-import-my-1099/00/26254

Enter a 1099B  under

Federal Taxes Tab or Personal (Home & Business)

Wages & Income

Then scroll down to Investment Income,

Then Stocks, Mutual Funds, Bonds, Other - click Start or Update

[daradfor]

There is no option in the pull down list to select Proceeds from Broker and Barter Exchange Transaction. Why want should be used instead?

[JohnB5677]

The selection for a Broker and Barter Exchange Transaction is Stocks, Mutual Funds, Bonds, Other

Here's where you enter or import your 1099-B in TurboTax:

1. Open (continue) your return.

1. Income & Expenses

1. Scroll to Stocks, Mutual Funds, Bonds, Other

1. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
   • If you see Here's the info we have for these investment sales, select Add More Sales.
2. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
3. At Let's get your tax info, choose how you want to enter your 1099-B (import or type it in yourself).
4. Follow the instructions.

After entering or importing your 1099 B be sure to review the detail.  From time to time your broker does not know what your basis was (amount you paid for the investment), and it will be blank.  This will result in owing excess taxes.  You can be manually enter a correction.

@daradfor