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sc01
Level 2

How to enter cash in lieu of amount, TurboTax Premier 2023 Windows Desktop edition

I have a small amount of cash in lieu that I need to report. I know it needs to be on Form 8949, part 2, box F, but I have not been able to find a way to enter it in TurboTax. I've searched the help community, and I haven't been able to find any current solutions that work. Thanks.

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1 Best answer

Accepted Solutions
DavidD66
Expert Alumni

How to enter cash in lieu of amount, TurboTax Premier 2023 Windows Desktop edition

To enter the cash in lieu transaction in TurboTax Desktop:

 

  • Click on Search and type in "Form 1099-B
  • Click on "Jump to from 1099-b
  • Proceed through the intereview

Do not import your 1099-B.  The program will guide you through entering your transaction.  You can refer to your account statements to determine what your cost basis is and what your holding period is.  I use a zero cost and short term.  

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2 Replies
DavidD66
Expert Alumni

How to enter cash in lieu of amount, TurboTax Premier 2023 Windows Desktop edition

To enter the cash in lieu transaction in TurboTax Desktop:

 

  • Click on Search and type in "Form 1099-B
  • Click on "Jump to from 1099-b
  • Proceed through the intereview

Do not import your 1099-B.  The program will guide you through entering your transaction.  You can refer to your account statements to determine what your cost basis is and what your holding period is.  I use a zero cost and short term.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
sc01
Level 2

How to enter cash in lieu of amount, TurboTax Premier 2023 Windows Desktop edition

Thanks for your help, DavidD66. Just what I was looking for, couldn't find it yesterday for whatever reason.

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