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?
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.
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.
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
@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.