Where do i enter form 1099 composite

[NickS]

Your form 1099 composite is simply multiple forms in one document. 

You will take each form and enter it as if it were distributed on its own. 

You likely have a 1099-INT, and a 1090-DIV. 

You may also have a 1099--B, 1099-OID and a 1099-MISC included in the statement.

Simply find the appropriate entry area in the Federal Taxes - Wages and Income area for the entry of each form.

[Frank73]

If my 1099 composite shows 0’s for each type of form on it, do I have to file it? 

[ToddL99]

If you received a 1099 Composite statement and all the entries are "0" , then you wouldn't have anything to report on your tax return.

(This is unlikely, however, because the only reason a financial institution would send you a 1099 Composite is if you had at least one type of 1099 to report.)

A "1099 Composite" is just a consolidated statement that lists the 1099s issued by a financial institution, typically 1099-DIV, 1099-INT and 1099-B.

[aacido2012]

hi, if my 1099 composite show 0's except the MISCELLANEOUS INCOME "3- Other Income 43.40, do I still have to file?

[JohnB5677]

Maybe, it will depend on all of the other income that you received. 

The $43.40 is taxable income and would be posted as 1099-MISC, but if all of your income as a single taxpayer does not exceed $12,400 you do not have to file a tax return.

[madge_armstrong]

Did not liquidate any stock investments. Do I need to list capital gains

[ReneeM7122]

Composite transactions are part of form 1099B.  

Some brokerage companies issue a "Composite 1099 Form" that replaces multiple individual 1099 forms such as,

• 1099-B,
• 1099-INT, and
• 1099-DIV.

Sometimes, the individual sections of the composite forms do not include all of the information that is available on a standard 1099 form, such as the check boxes for short-term and long-term transactions on the standard 1099-B form. Instead, many of these composite forms simply group the different types of transactions so that you can readily tell which ones are short-term and long-term.

To enter the information on form 1099B in TurboTax, follow this link for instructions.

Here's a TurboTax article that discusses Form 1099-B: Proceeds from Broker Transactions.

To get to that section in TurboTax, search for 1099B and 

[Alimakki1]

What about 15$ only gain ? :))

[ColeenD3]

@Alimakki1 Yes, you must report all your income.

[claranewf]

I received a 1099 composite, but no 1099 Div, but there is a $amount for Apple dividends which I reinvest.  Do I have to declare this on my taxes form as income.

[PattiF]

Yes, you do need to report the dividends from Apple even if they are not reported on a 1099-DIV form.

The easiest way to enter Form 1099-DIV is to open your return, search for 1099-DIV, and select the Jump-to link at the top of your search results. That'll take you to the screen where you can enter your dividend income.

[abhishek021083]

Did you get anything on this? if all values are 0, did you have to file it?

[AliciaP1]

If you received a 1099 of any kind with all boxes reported at 0, you are not required to report the form on your tax return at all.

@abhishek021083

[CJCBot]

Thanks, this helps a lot.