topic Tax Year Prior to 2020: How to correclty enter two 1099-B* sections in TurboTax 2019? in Get your taxes done using TurboTax

Tax Year Prior to 2020: How to correclty enter two 1099-B* sections in TurboTax 2019?

RobertB3 — Wed, 24 May 2023 22:10:28 GMT

Greetings,

I have a Fidelity Tax Reporting Statement (one account) that has two separate sections labeled 1099-B*. These two sections relate to the same sale of stock (forced sale due to merger). The first 1099-B* 2019 Proceeds from Broker and Barter Exchange Transactions section is Long-term transactions for which basis is reported to the IRS --report on Form 8949 with Box D checked. The second 1099-B* section is Long-term transactions for which basis is not reported to the IRS --report on Form 8949 with Box E checked.

The only way I can see to do this in TurboTax is create two separate 1099-B entries: one with box D checked and one with box E checked. Is this the correct way to do this? TurboTax comes back and asks are you sure this is not a duplicate.

Thanks

Re: How to correclty enter two 1099-B* sections in TurboTax 2019?

VictorW9 — Sun, 02 Feb 2020 19:45:09 GMT

Check the Turbo Tax resource for help:

Where do I enter a 1099-B? - CommunityWhere do I enter a 1099-B? - Community

Re: How to correclty enter two 1099-B* sections in TurboTax 2019?

RobertB3 — Sun, 02 Feb 2020 21:17:37 GMT

Sorry - that did not answer my question.

Re: How to correclty enter two 1099-B* sections in TurboTax 2019?

VictorW9 — Sun, 02 Feb 2020 23:51:41 GMT

Yes! Just like you said, you need to create two separate entries for the transactions. One with box D checked indicating that the transaction has been reported to the IRS and the other with box E checked that this transaction was not reported to the IRS.