topic Need to make a 2024 Amendment in Get your taxes done using TurboTax

Need to make a 2024 Amendment

tdasha10 — Wed, 09 Apr 2025 23:38:43 GMT

Hello, I am in the process of submitting a 2024 Amendment. I am trying to figure out what kind of 1099 form I have from Charles Schwab? This is how the form is titled "TAX YEAR 2024 FORM 1099 COMPOSITE
& YEAR-END SUMMARY".

Also, would I add the form under the "WAGES & INCOME" section of TurboTax?

Re: Need to make a 2024 Amendment

AmyC — Wed, 09 Apr 2025 23:44:43 GMT

A 1099-B composite means that it has several forms listed and often all on one page. Usually the 1099-INT, 1099-DIV are together on a page. You probably have a bigger section devoted to 1099-B showing your sales. You could have even more, OID, MISC, etc. You will need to enter each into the section of TurboTax where it belongs.

All of these parts will be under the income section of TurboTax. Just a question of which ones you have to determine where they go.

Re: Need to make a 2024 Amendment

tdasha10 — Wed, 09 Apr 2025 23:52:32 GMT

Thank you very much for the indepth answer! I also went ahead and signed into Schwab via TurboTax and it imported the form for me.