Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Feb 21, 2025 5:58:16 AM

Missing item on 3 box. I had left a question of missing item in the 3rd box when entering 1099-B. The box has only 5 item and missing the choice for Merger. Help!

Missing item on 3 box. I had left a question of missing item in the 3rd box when entering 1099-B. The box has only 5 item and missing the choice for Merger. Please intuit peopple. TuboTax Deluxe 2024 needs update for this.

0 4 913
4 Replies
Expert Alumni
Feb 21, 2025 6:12:38 AM

I believe you are talking about the boxes 1f to box 16 on the screen where you enter your Form 1099-B information. You are correct, there is no box 3 that you seem to have on your Form 1099-B. 

 

 

The IRS standard Form 1099-B does have a box 3 but it is for indicating the investment sale involved collectibles or qualified opportunity funds, neither of which you are referring to apparently. So, you have a non-standard Form 1099-B for which you will to have ask the issuer to help you determine what is being reported in box 3 on that form. Once you identify what is being reported, revisit the Form 1099-B entry screen in TurboTax and search for a question or entry where you can enter that information as required.

 

Level 2
Feb 21, 2025 12:24:41 PM

Thank you, Thomas.

No. The box asking "How did you receive this investment? Learn More". Where the right of that , a drop down box to choose one in the list. The list missing "Return of capital for fractional shares or cash in lieu:" where merger stated in "Learn more" but it is not in the drop down. I think this fractional applied to my case. Where I have a wash sell.

Expert Alumni
Mar 3, 2025 9:26:21 AM

OK, I would need to see the menu choices to suggest one to choose. I don't see that option in my program, can you give me a list of the options or a screen shot of the drop down menu please?

Level 2
Mar 3, 2025 10:38:19 AM

That third dropdown box is gone last week. May be updated. The 3 box, "Learn More" now is not the same as before. I didn't cope it down and don't remember but I did mentioned somewhere in this forum.