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Does Turbotax Deluxe have the 1099-B form? If not which version of Turbotax should I use? Also, do I really need to report $20.88 from the 1099-B?

I have never had 1099-B income before.  A partial share was liquidated and I received proceeds of $20.88.  I need to know what version of Turbotax I need to use to report it.  I am hoping I do not have to upgrade just for this $20.  I have always used Turbotax Deluxe.  Does this support the 1099-B?

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4 Replies

Does Turbotax Deluxe have the 1099-B form? If not which version of Turbotax should I use? Also, do I really need to report $20.88 from the 1099-B?

Is the answer from last year applicable to Turbo Tax 2017? I am currently filing with Turbo Tax through my browser, and when I clicked to enter "Investment Income" with my 1099-B, I was told I had to upgrade to Premium.
RichardK
New Member

Does Turbotax Deluxe have the 1099-B form? If not which version of Turbotax should I use? Also, do I really need to report $20.88 from the 1099-B?

You can enter your 1099-B in Turbotax Deluxe. Open your return, under the Personal tab in the Personal Income section, scroll down to the Investment Income section

hir0miya
New Member

Does Turbotax Deluxe have the 1099-B form? If not which version of Turbotax should I use? Also, do I really need to report $20.88 from the 1099-B?

A couple of my investments matured during 2020.  And they were reinvested right away.  I didn't 

receive any dividend nor interest from reinvestments.  Do I still report the investments to IRS?  Thanks.  Hiroshi

MarilynG1
Expert Alumni

Does Turbotax Deluxe have the 1099-B form? If not which version of Turbotax should I use? Also, do I really need to report $20.88 from the 1099-B?

@hir0miya You can enter your 1099-B in TurboTax Deluxe.  You should report it as the IRS has a copy. 

 

Click this link for info on How to Enter 1099-B.

 

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