This question was answered in 2021 but that answer appears to be no longer valid under the current TurboTax process. I trade futures and received a substitute 1099-b showing ONLY profit / loss. It does not have the cost basis or any other information the app requires. Where do I enter this information?
You'll need to sign in or create an account to connect with an expert.
To enter your futures trading information in TurboTax Online:
Continue entering all information as appropriate. You'll be able to enter information including cost basis.
To enter your futures trading information in TurboTax Online:
Continue entering all information as appropriate. You'll be able to enter information including cost basis.
Thank you for posting the steps to "fix" the problem of the Substitute 1099 Form. It worked well. Thank uou again.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Sharony
New Member
Sharony
New Member
rf_ee
Level 3
kuzanjo1
Returning Member
ThaTea
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.