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Level 1
posted Mar 7, 2025 8:41:26 AM

How to enter realized gains in Turbo tax without a 1099-B

I have a Charles Schwab statement showing a $3 short term realized gain that isn't reported to IRS (and no 1099-B is provided for it) but suggests I should capture this on form 8949.

I am a new Turbotax user and cannot find where to report this gain in Turbotax?  The softward seems to only expect a 1099-B.  Some prior answers suggested I add the data like I had a 1099-B and then check a box saying I don't have a 1099-B, but I cannot seem to find this branch in the screens.  Please help.

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1 Best answer
Level 15
Mar 7, 2025 8:48:30 AM

It's not a box that you check. At the top of the screen for entering the 1099-B information it asks you to select the "sales section" from a drop-down list. Select "Short-term did not receive 1099-B form."

 

2 Replies
Level 15
Mar 7, 2025 8:48:30 AM

It's not a box that you check. At the top of the screen for entering the 1099-B information it asks you to select the "sales section" from a drop-down list. Select "Short-term did not receive 1099-B form."

 

Level 1
Mar 7, 2025 10:32:26 AM

Thank you so much - that worked perfectly!!!