How do I enter my 1099 B when box 1b and 1e are empty. I do not even know how to answer the questions that are on the turbo form

[jonifoster0]

Show example of 1099B and how to enter in Turbo Tax

[DianeW777 · Accepted solution]

It depends. If you do not know the date acquired, then you must know the holding period (shown below). In this case you would select 'Something other than a date' and then select the correct period. It is up to you to know what you paid for the investment. 

Holding Periods:

• Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
• Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)Enter the information in TurboTax by using the steps below. 

Open your TurboTax Online return:

1. Select Tax Home on the left panel > Select any Income category or Pick up where you left off
2. Select Tax Tools > Tools > Select Topic Search > Type 1099b  > Select GO (should be landed on 1099b)
3. Select Add Investments if your 1099-B is not yet present in your list
4. Continue to follow the prompts to enter the information yourself

Open your return in TurboTax Desktop:

1. Select Personal Income > Scroll to Investment Income > Select Stocks Cryptocurrency, Mutual Funds, Bonds, Other
2. Start or Update > Continue to follow the prompts to enter your 1099-B details

The sale of any investment is required to be included with your tax return, gain or loss.  Information from the link below may be helpful

• What is Form 1099-B: Proceeds from Broker Transactions?