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New Member
posted Jun 6, 2019 9:08:19 AM

When entering capital gains, can I use the stock symbol instead of inputting the long name of the stock sold?

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1 Best answer
New Member
Jun 6, 2019 9:08:20 AM

Here is the recommended description information from TurboTax, but you certainly can use the stock symbol instead of the long name. 

Enter a description of the investment sold. A broker may provide a description in Box 1a of Form 1099-B or equivalent. If this is a security normally sold in shares or units, we recommend including the number of shares/units in the description.

For example:

- 20 shares of XYZ Company

- 100 shares of S & P Index Mutual Fund

1 Replies
New Member
Jun 6, 2019 9:08:20 AM

Here is the recommended description information from TurboTax, but you certainly can use the stock symbol instead of the long name. 

Enter a description of the investment sold. A broker may provide a description in Box 1a of Form 1099-B or equivalent. If this is a security normally sold in shares or units, we recommend including the number of shares/units in the description.

For example:

- 20 shares of XYZ Company

- 100 shares of S & P Index Mutual Fund