1658814
I inherited some stock when my mother passed away last year and sold shares for a $7,331 cash income. The 1099B shows $349 gains but my total income in TT did not reflect the $7,331. What do I do to get TurboTax to show this?
You'll need to sign in or create an account to connect with an expert.
@ljaques7 wrote:
What do I do to get TurboTax to show this?
The gross proceeds will appear on Form 8949 and Schedule D, but only the gain will appear on your 1040.
@ljaques7 wrote:
What do I do to get TurboTax to show this?
The gross proceeds will appear on Form 8949 and Schedule D, but only the gain will appear on your 1040.
You were right, thanks. Another quick question: How do I turn off the form 5695? I found that I couldn't claim it because it wasn't gridtie installed.
@ljaques7 wrote:
Another quick question: How do I turn off the form 5695?
If you cannot delete it in Step-by-Step Mode, enter Forms Mode and zero out all of the figures on the form (you will have to use the override feature). After doing so, the form should disappear from your list of forms or, if not, you will be able to delete it without the form being regenerated.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mudtech61
Returning Member
SZEDX Tg3eq45trhgadvcgb
Level 2
Boyan
Level 4
Blue Storm
Returning Member
blackstone79
Level 2