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Level 2
posted Feb 11, 2024 1:25:24 PM

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
Expert Alumni
Feb 11, 2024 4:55:43 PM

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.  

2 Replies
Expert Alumni
Feb 11, 2024 4:55:43 PM

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.  

Level 2
Feb 12, 2024 7:01:09 AM

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