How to report 1099-B for a certificate of deposit with no realized gains? Proceeds = cost basis. No drop down box.

dtysdal · ‎February 22, 2025

No "type of investment box" for CD in TurboTax to choose under 1099-B

DianeW777 · ‎February 22, 2025

Yes, enter it under 1099-B and the sale price and cost equal will create no gain or loss. This is very common with CDs because as the interest is reported, that same interest becomes part of the cost basis of the CD which is why they are the same number. And creates the zero gain or loss.

Select Stocks, Bonds, Mutual funds, Other then you can select Bond > Continue to enter your redemption/sale

It is still required to be reported on your tax return.

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How to report 1099-B for a certificate of deposit with no realized gains? Proceeds = cost basis. No drop down box.