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jbkling77
New Member

My 1099-B is labeled as a 'substitute form' and does not follow the guidline in TurboTax, only has box 8 and 11. How do you report it?

 
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2 Replies
RobertB4444
Expert Alumni

My 1099-B is labeled as a 'substitute form' and does not follow the guidline in TurboTax, only has box 8 and 11. How do you report it?

Your broker has issued that statement as a 'substitute' for the necessary 1099-B form.  It should still report whatever stock transactions you may have had as well as what the basis was and whether it was reported to the IRS. 

 

In other words, all of the information necessary to answer the questions regarding the stock trades you had for the year should be contained on that form. 

 

If you are having trouble reading it then you may need to reach out to the broker who issued it to you for a little guidance.

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My 1099-B is labeled as a 'substitute form' and does not follow the guidline in TurboTax, only has box 8 and 11. How do you report it?

@jbkling77 

look for the TurboTax interview for Section 1256 contracts and straddles.

Don't check any of the Options and enter the amount from line 11 in the appropriate box you will see there.

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