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New Member
posted Jun 3, 2019 10:45:22 AM

I somehow entered a stock sale - Now I have a capital gain that I cannot remove. How can I cancel it

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1 Best answer
Intuit Alumni
Jun 3, 2019 10:45:24 AM

To remove a stock sale that you entered by error in TurboTax Deluxe follow these steps.

  • With TurboTax open Wages & Income.
  • Scroll down to Investment Income select 1099-B or Broker Statements click visit all/update
  • On the page here's the investment sales info we have so far Click on delete for the stock sale that you want to cancel.
  • Click yes when you are asked Are you sure you want to remove this Form 1099-DIV.

[Edited 03/10/2020 | 1:27 pm PDT]

4 Replies
Intuit Alumni
Jun 3, 2019 10:45:24 AM

To remove a stock sale that you entered by error in TurboTax Deluxe follow these steps.

  • With TurboTax open Wages & Income.
  • Scroll down to Investment Income select 1099-B or Broker Statements click visit all/update
  • On the page here's the investment sales info we have so far Click on delete for the stock sale that you want to cancel.
  • Click yes when you are asked Are you sure you want to remove this Form 1099-DIV.

[Edited 03/10/2020 | 1:27 pm PDT]

New Member
Feb 22, 2021 10:35:03 PM

VIP I-Pad users - you must move the page to the right to see the Trash Can, allowing you to delete a stock sale.

Level 1
Feb 8, 2024 2:54:04 PM

Where is the delete button?  I only see buttons for "Add more sales" and "continue".  It says "needs review" for a line item that is zero but clicking continue simply exits the investment sales summary and does not take me to a screen to remove the line item or review it.

Expert Alumni
Feb 8, 2024 4:56:04 PM

There should be either a delete button or a trash can next to where it says review.  If not, you can go to Tools>>Tax Tools>>Delete a form and then delete the form 1099-B for that sale.