turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

syncheung
Returning Member

Multiple 1099-B for a single stock sale

I received two 1099-B for a single transaction.  The first is for the actual sell, the second is an additional amount that was distributed from unused funds from  a merge.  Hence , the 2nd 1099-B doesn't have a number of share sold attached to it.

How should I enter the 2nd 1099-B?  Should I just add the amount to the first 1099-B?  otherwise, turbotax doesn't like that it doesn't have a cost basis.
1 Best answer

Accepted Solutions
DDollar
Expert Alumni

Multiple 1099-B for a single stock sale

Enter as two separate transactions so that the information on your tax return will match what's been reported to the IRS.  Enter a cost basis of zero.  If the program forces you to enter a quantity, use 1.

View solution in original post

2 Replies

Multiple 1099-B for a single stock sale

Why don't you name the two companies involved?  You may be missing something.
DDollar
Expert Alumni

Multiple 1099-B for a single stock sale

Enter as two separate transactions so that the information on your tax return will match what's been reported to the IRS.  Enter a cost basis of zero.  If the program forces you to enter a quantity, use 1.

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
message box icon

Ready to start your taxes?

Hand off your taxes, get expert help, or do it yourself.

See Pricing

Related Content

Manage cookies