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New Member
posted Jun 1, 2019 3:28:07 PM

With Trader Tax Status, how do I report 1099 -B loss

Can't figure out how to enter.  form 4797

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2 Replies
Intuit Alumni
Jun 1, 2019 3:28:08 PM

Here's where you enter or import your 1099-B in TurboTax:

  1. Open (continue) your return if it's not already open.
  2. In TurboTax, search for 1099-B and then select the Jump to link in the search results.
  3. Answer Yes to Did you sell any investments in 2018?
    • If you see Here's the info we have for these investment sales, select Add More Sales.
  4. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
  5. At Choose your bank or brokerage or Let Us Enter Your Investment Sale Info, choose how you want to enter your 1099-B (import or type it in yourself).
  6. Follow the onscreen instructions.

Intuit Alumni
Jun 1, 2019 3:28:09 PM

To add Form 4797 to your return:

Select Take to my tax return, search for 4797, sale of business property (use this exact phrase) and then choose the "Jump to" link in the search results.
On the Any Other Property Sales? screen, select the first checkbox and click Continue.
Follow the instructions to complete the form.