How do I add or edit
a 1099-B?
-
Open your return.
(To do this, sign in to TurboTax and click the orange Take me to my return button.)
- Do a search
for 1099-B (upper- or-lower case,
with or without the dash) and then click the "Jump to" link
in the search results.
- On
the Did you sell any investments in 2016? screen,
answer Yes.
- If you
land on the Here's the investment sales info we
have so far screen instead, click Edit (to add, change, or review sales from a previously
entered brokerage) or Add More Sales (to
add or import sales from a new brokerage).
Follow the
onscreen instructions.
Tip: Don't confuse Box A, B, D (etc.) on your
TurboTax screen with the Box 1a, 1b, 1c (etc.) on your 1099-B form. These are
two completely different things.
Capital-letter boxes A, B, D, E,
and X often appear as headers or section titles on your 1099-B form instead of literal boxes.
Exact wording varies between brokerages; for example, the Box A from 3
different brokerage statements might read:
- Short-term
transactions for which basis is reported to the IRS—report on
Form 8949 with Box A checked.
- Short-term
transactions for which basis is reported to the IRS--report on Form 8949,
Part I, with Box A checked.
- Short-term
transactions for which basis is reported to the IRS—report on
Form 8949 with Box A checked and/or Schedule D, Part I.
Nevertheless, they all mention Box
A, so you'd select Box A in TurboTax (near the bottom of the screen), and above
you enter the info for boxes 1a–1e which correspond to your 1099-B form. Boxes B, D, E, and
X work the same way.
