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New Member

How do I enter Employee Stocks sold with no 1099B form?

Option to enter employee stocks with no 1099B form
4 Replies
Expert Alumni

How do I enter Employee Stocks sold with no 1099B form?

Enter it the same way you would if you had a 1099-B.   When you start the investment sale (1099-B) interview, you will be asked ''Did you receive a 1099-B for this sale''.   Say No.  You will then be prompted to enter all of the pertinent information regarding the sale.    This includes:

  • A brief description of the item sold, such as “100 shares of XYZ Co"
  • The date you bought or acquired it
  • The date you sold it
  • How much it cost you to acquire it - cost basis
  • How much you received for it when you sold it - proceeds
  • Whether your broker withheld any federal tax

The 1099-B helps you deal with capital gains taxes. Usually, when you sell something for more than it cost you to acquire it, the profit is a capital gain, and it may be taxable. On the other hand, if you sell something for less than you paid for it, then you may have a capital loss, which you might be able to use to reduce your taxable capital gains or other income.

  • You pay capital gains taxes with your income tax return, using Schedule D.
  • The data from Form 1099-B helps you fill out Schedule D and Form 8949 if needed.

Where do I enter a 1099-B?

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New Member

How do I enter Employee Stocks sold with no 1099B form?

Did you get a 1099-B or brokerage statement for these sales? 


This never gets asked in the flow.

New Member

How do I enter Employee Stocks sold with no 1099B form?

This article isn't helpful at all. This is a new issue for tax year 2020. This is extremely bad user experience. Not to mention frustrating.


Like @jgrosencrantz pointed out it does Not ask you whether you received 1099-B or not so this article from an expert is completely useless.


I understand that the tax laws have changed for 2020 (see link below) but the UI is very confusing to not only its users but Customer agents as well. I was on a call with someone who couldn't figure it out for 45 mins or so. She sent me a link that *will surely solve the problem* but did not. I feel like Turbotax is letting its customer be the QA. I don't think this part of the UI was ever tested.


Anyway here's the workaround:

When you add a Bank or brokerage make sure you enter fewer sales 1-4..this way it will allow you to enter every sales record manually. 


For every sales record you have to select one of the 6 (or more) values for the required field Sales section. For @jrider4562 it could be Short Term did not receive 1099-B or Long Term did not receive 1099-B. Fill in other details like description of sales, proceeds, cost basis and the transaction dates and then save the record.


A small test you can do after you have saved a sales record is to go back to the record and check the code assigned to the Sales section. Refer to the Specific instructions section here to see if the right code has been assigned or not.


Level 15

How do I enter Employee Stocks sold with no 1099B form?

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in  Home & Business)

 - Wages & Income

Scroll down to:

-Investment Income

   -Stocks, mutual funds, Bonds, Other 


Follow the interview

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