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New Member
posted Feb 25, 2020 7:51:39 AM

I received a 1099-B. It does not give an applicable check box on Form 8949. How do I enter in Turbo Tax?

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3 Replies
Expert Alumni
Feb 25, 2020 8:10:05 AM

TurboTax will automatically generate Form 8949 when you enter Form 1099-B details.

 

The applicable check box is typically listed in the fine print just below the header of the short-term and long-term summary pages. The broker is required to allocate your transactions in this way. 

 

Click the links for more details on how to enter these transactions in TurboTax:

Where do I enter a 1099-B?

Where is Form 8949?

New Member
Mar 6, 2020 10:53:57 AM

Thank you for the reply. I have attached a picture of the 1099-B that I received. I'm not sure how to report or if I should report. 

Expert Alumni
Mar 6, 2020 3:33:58 PM

Yes, you shold enter the 1099-B.  You will have to determine the cost basis. If you can't determine the cost basis, you can use zero.  If you know the date of acquisition, enter ti, if you don't use "Various".  It is an "Uncovered" transaction, so indicate that it is either Box C - Short-term noncovered, or Box E - Long-term noncovered.  If you owned this asset more than one year, use E.  If one year or less, use C.