How do I report stock sales if I didn't get a 1099b?

 A 1099-Bit is not required to enter the stock sale and associated capital gains.  Use the instructions in the link below and when asked if you received a 1099-B, answer NO.  

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 (even if you did not get one) in TurboTax:

1. Open (continue) your return if it isn't already open.
2. In TurboTax, search for 1099-B and then select the Jump to link in the search results.
3. 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.
4. Answer NO to Did you get a 1099-B or brokerage statement for these sales?  Or answer YES if you want to try to import it.
5. Follow the instructions.

Related Information:

• How do I enter a large number of stock transactions in TurboTax Online?
• Where is Form 8949?
• How do I report my child's investment income in 2019?

I live abroad, and my local broker does not issue form 1099-B. Therefore, I do not have a 1099-B. In order to file my stock gain/loss without form 1099-B, I followed the steps above. Yet I did not see the question in step 4 (Did you get a 1099-B or brokerage statement for these sales? ).  I was still required to upload a 1099-B PDF which I do not have.

You can upload the worksheet as a pdf that you have kept for your own records that contains the transactions that would normally be reported on 1099-B.

You can even attach a note to that worksheet why you did not receive a 1099-B.

I did not receive a 1099-B from an international broker as well. TurboTax only gives me the option to "Upload a 1099-B PDF" or "Mail a 1099-B copy".

I do have a full Account Statement Summary that shows my Profit/Loss for each day with everything summed up in the end. Can/should I submit this as a substitute to a 1099?

You can either enter each stock transaction separately, or enter a summary for each category (short-term covered, long-term covered, etc.) 

If you want to enter summaries for the different categories, you can submit the  Account Statement Summary as a substitute for the 1099-B.

Will I need to submit a Form 8949?

Yes, the stock sales will be reported on Form 8949.   @dSF2

Form 8949 (Sales and Other Dispositions of Capital Assets) records the details of your capital asset (investment) sales or exchanges. Part I of the 8949 shows the short-term sales (held less than a year) and Part II has the long-term sales.

When you enter investment sales or exchanges in TurboTax, we'll automatically fill out Form 8949 and transfer the info to Schedule D.  You don't need to fill out the 8949 yourself.

Most taxpayers don't need to mail in their 8949s either (unless they're paper-filing, in which case it gets included along with all their other tax forms).   If you're e-filing, you only need to mail copies of your 8949 along with Form 8453 if:

• You entered a summary for one or more sales categories (instead of each individual sale); AND
• The sales category for one or more summaries is something other than Box A (short-term covered) or Box D (long-term covered); or
• The Box A and/or Box D summary includes adjustments (typically listed in boxes 1f or 1g on your broker statement).

Otherwise, if you entered each individual sale, or you entered summaries for Boxes A and/or D with no adjustments, don't mail in your 8949.  TurboTax will let you know if you need to mail anything to the IRS.   If you're required to mail in forms 8949 and 8453, do so within 3 days after the IRS has accepted your e-file. Here's the mailing address:

Internal Revenue Service
Attn: Shipping and Receiving, 0254
Receipt and Control Branch
Austin, TX 73344-0254

This is super helpful, thank you very much! In my scenario, I've selected "Short-term did not receive 1099-B" form and indicated a single total amount of Proceeds and Cost basis and will be submitting my detailed broker account summary instead of a 1099-B.

Another question came up - I have an Account Summary (shows cumulative P/L for each day) and a Trade Summary (shows exact stocks and entry/exits for each trade with P/L). 

Do/should I submit both Account and Trade Summaries, or does the Account Summary suffice?

The account summary will suffice.  The IRS just needs a legal form to compare to.

I am in the same situation. what did you do for the filing? thanks @ariel6 

I followed your instruction but I did not see the question in step 4 (Did you get a 1099-B or brokerage statement for these sales? ). I use the web version. Could you please kindly let me know what to do with this situation? Thanks. @RayW7 

---

@Idkwiam wrote:

I am in the same situation. what did you do for the filing? thanks @ariel6 

---

You are asking for a reply from a user that posted over 8 months ago, doubtful that they will ever respond on this forum.

To enter an investment sale other than from a brokerage account (1099-B), follow the steps below.

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Under Investment Income
• On Stocks, Mutual Funds, Bonds, Other, click the start or update button

Or enter investment sales in the Search box located in the upper right of the program screen. Click on Jump to investment sales

On the screen Did you sell stocks, mutual funds, bonds, or other investments in 2020? click on Yes

On the screen OK, what type of investments did you sell? click on Other and then on Continue

Continue past the screen Tell us more about this sale

On the screen Now we’ll walk you through entering your sale details, select the type of investment sold in the dropdown on What type of investment did you sell?

Continue with this section until it completes.

I followed these steps here and attached an account summary for that filing year!

Thanks. Interesting here, under "Other" tab, we could still choose stocks...

@gloriah5200 could you pls kindly let me know where to upload such a worksheet and note? Thanks

 ‎February 21, 2021 4:05 PM

You can upload the worksheet as a pdf that you have kept for your own records that contains the transactions that would normally be reported on 1099-B.

You can even attach a note to that worksheet why you did not receive a 1099-B."

@dSF2 Hi, when will TurboTax ask to upload 1099B? when we do the final review? Thanks very much

Need info on reporting stock sale without 1099-B

A document is not required to report your stock sales.  You will enter the sale as if you had one by entering the company, the stock symbol or name, number of shares (20SH XYZ) and the rest of the details of the sale. 

Select to 'Type it myself' and do not choose any upload option.

1. Open (or continue) your return if it isn't already open
2. Select the magnifying glass, search for 1099-B and then select the Jump to link in the search results
3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2021?
   • If you see Your investment sales summary, select Add More Sales
4. On the OK, let's start with one investment type screen, select the category that applies to your situation and Continue
5. Answer No to Did you get a 1099-B or brokerage statement for these sales?
6. At Let's get your tax info, choose how you want to enter your 1099-B (import or type it in yourself)
7. Answer the questions about your 1099-B
   • Select Stock as the type and be sure to select the appropriate way you received the investment.

Form 1099-B is included in TurboTax Premier, TurboTax Live Premier, Self-Employed, and TurboTax Live Self-Employed (online) and in all personal CD/Download versions of TurboTax.

@4244WiHu

After completing step 4 by selecting the "Stocks, Bonds, Mutual Funds" option, the next screen does not contain a prompt with "Did you get a 1099-B or brokerage statement for these sales?" . Rather, it takes me to the "Let's import your tax info" screen. After selecting "I'll Type it Myself" to advance to the next screen, I am prompted with a screen that says "Which bank or brokerage sent you a 1099-B for these sales?". 

There is no option to indicate that I did not receive a 1099-B for these sales, and the screen will not let me advance unless I write something in the field labeled "Bank or brokerage". For now I'm just writing "no 1099-B received" for this case. 

If you didn't receive a form 1099-B, then you should enter the name of the company that sent you the investment sales proceeds. As a practical matter, the name will not appear on your tax return, so it is not of critical importance.

@MichaelFF 

I am having a similar problem as "MichaelFF". In my case, I need to writeoff a worthless private stock I bought so I did not receive a 1099-B. It looks like the latest online version no longer asks if you received a 1099-B. I typed the information in myself and click continue which then takes me to the summary of my investments, but then it shows up as a 1099-B on Turbotax along with the investment accounts for which I DID receive a 1099-B (even though I did not get a 1099-B for this worthless stock) so my concern is that Turbotax will be reporting it as a 1099-B when I did not get one and then will the IRS take issue with it because it is listed as a 1099-B and they will not have received one either since I did not receive one. Thanks for the help!

You would enter all of the information as though you did have a 1099-B with worthless as the description and December 31, 2021 as date sold.

When entering the information, be sure to select that you did not receive a 1099-B form

You can deduct worthless stock only in the tax year it becomes completely worthless. This normally happens when the corporation files for bankruptcy, stops doing business, and has no assets. Financial difficulties won't make a company's stock worthless unless there's no hope that the company will pull through.

Enter a worthless stock like any stock sale but with a sales price of zero and the word worthless in its description. Enter the correct cost or basis, date acquired, and December 31 as the date sold.

Thank you PattiF!!! That helps a lot!! I had missed the part that says "Long term did not receive 1099-B form", so now I know to look for it...