As long as you have your 1099-B in hand you can enter the information manually. Generally your 1099-B should show the caption for the type of trade that it was - Short-term covered with basis reported to the IRS, Short-term not covered, Long-term covered, Long-term not covered. Each section of the 1099-B needs to be entered separately. You are allowed to combine transactions as one provided they are from the SAME grouping. You enter the transactions in the Investment section of TurboTax as follows:
- On the left side of your TurboTax screen, click on Wages & Income
- Scroll down to "Investments & Savings" and click show more or edit/add
- Click on "Add Investments"
- Click on "Enter a different way"
- Click on the box for Stocks, Bonds, Mutual Funds and then continue
- Enter the brokerage firm name at the top and the account number and Payer's EIN if you so choose (not required)
- Now on the next page, answer the questions it asks
- You can answer no if you are going to group the trades or if in fact there were less than 4
- Follow the remaining instructions and choices. Whichever way you answer you will receive additional instructions
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