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maxdela
New Member

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

I see no option for reporting sold investments.
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1 Best answer

Accepted Solutions
Hal_Al
Level 15

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

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. 

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2 Replies
rjs
Level 15
Level 15

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

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.

 

Hal_Al
Level 15

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

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. 

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