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Where do I enter info from 1099-B: Recoveries from charged off loans???

 
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3 Replies

Where do I enter info from 1099-B: Recoveries from charged off loans???

You would enter it in the same section you would enter a capital gain or loss.  Within the income section, go to "investments and savings." There you will see

Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B). You will have to use the form you have to answer the questions that follow.

Where do I enter info from 1099-B: Recoveries from charged off loans???

But that section only asks about sales and this isn't a sale.

DaveF1006
Employee Tax Expert

Where do I enter info from 1099-B: Recoveries from charged off loans???

Actually this would be initially entered as a sale even though it isn't technically a stock sale. Enter the information as it appears on your 1099-B. Once entered, the information is properly recorded on form 8949. 

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