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amd11j
New Member

Received a 1099-B for cash out of an educational IRA that was inherited when I was a minor. I cashed this out and received a 1099-B I cannot figure out how to file it?

1099-B says Proceeds from Broker and Barter Exchange Transactions.
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1 Reply
GiseleD
Expert Alumni

Received a 1099-B for cash out of an educational IRA that was inherited when I was a minor. I cashed this out and received a 1099-B I cannot figure out how to file it?

Here's where you enter your 1099-B in TurboTax:

  1. Open (continue) your return if it isn't already open.
  2. In TurboTax, search for 1099-B and then select the Jump to link in the search results.
  3. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2019? If you see Here's the info we have for these investment sales, select Add More Sales.
  4. Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
  5. At Let's get your tax info, choose type it in yourself.
  6. Follow the instructions.
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