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New Member
posted May 6, 2023 9:39:45 PM

We cashed out our investments. How do I fill in this information?

I see no option for reporting sold investments.

0 2 816
1 Best answer
Level 15
May 7, 2023 5:04:29 AM

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in  Home & Business)

 - Wages & Income

Scroll down to:

-Investment Income

   -Stocks, mutual funds, Bonds, Other

You will be asked if you got a form 1099-B. Whether you answer yes or no, the interview will allow you to continue. 

2 Replies
Level 15
May 6, 2023 9:57:29 PM

In the Search box type "investment sales" (without the quotes), then click the link that says "Jump to investment sales."


You should have received a Form 1099-B for the sales from the broker, investment manager, or financial institution. You will just enter the information from the 1099-B.

 

Level 15
May 7, 2023 5:04:29 AM

In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in  Home & Business)

 - Wages & Income

Scroll down to:

-Investment Income

   -Stocks, mutual funds, Bonds, Other

You will be asked if you got a form 1099-B. Whether you answer yes or no, the interview will allow you to continue.