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New Member
posted Jun 4, 2019 6:31:40 PM

How do I enter my 1099B and 1099DIV?

0 2 809
2 Replies
Level 13
Jun 4, 2019 6:31:41 PM

Dividends get reported using the interview "Dividends on 1099-DIV" but you can't report stock sales through "Basic".  This product is essentially the "Free" version with a little live hand-holding and the free version just doesn't handle the reporting of security sales.

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Simple tax situations covered in TurboTax Free Edition:
  • W-2 income
  • Limited interest and dividend income reported on a 1099-INT or 1099-DIV
  • Claiming the standard deduction
  • Earned Income Tax Credit (EIC)
  • Child tax credits
Situations not covered in TurboTax Free Edition include:
  • Itemized deductions
  • Business or 1099-MISC income
  • Stock sales
  • Rental property income
  • Credits, deductions and income reported on schedules 1-6, such as the Student Loan Interest Deduction

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If you want to use an "online" product then you need to move up to "Premier" to get support for security sales.

Tom Young

New Member
Jun 4, 2019 6:31:43 PM

When I add my Spouse's 1099 and 1099B account details they override mine. Is it not possible to add 2 accounts if your investments are with the same institution